Recycling old buildings keeps Philly’s character intact

“Repurposed, remodeled, and revamped.”

feat_history_newsstand_old-jan16-8e0ba478These words are being used more and more in the construction boom that Philadelphia is currently experiencing. Every week there seem to be new restoration and renewal projects proposed, or announced, in what are currently just dilapidated or un-used buildings.

What has been fantastic to watch is the effort and time developers have put into keeping the character and integrity of these architectural slices of history. Structurally, Philadelphia is an extremely diverse city with tons of variant architectural elements scattered throughout its limits. Keeping this personality alive is of utmost importance for the city.

Curbed has done a fantastic job detailing the many different developments.
Some of my personal favorites are below.
Converted West Philadelphia high school in the apartments named “The West Lofts.”
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The Hale Building revamp which is labeled as a “Hub for creative tech companies.”
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The on-going plans for the Edward W. Bok Technical High School; and the incredible views from Bok Bar.
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Philadelphia, Young Professionals are staying here.

Genos-east-passyunk-philadelphia-video-465.jpgA recent study from the Chamber of Commerce for Greater Philadelphia reported an unexpected 93% of young professionals currently living in Philadelphia said there is a good chance their next job would be in the area as well. Furthering the optimism, the same study also reported that 42% of the people who responded were homeowners and 29% plan to buy a home in the next three to five years.
So why are professionals currently choosing Philadelphia as a place to call home?
A recent report could point to the answer. As PhillyMag states:
“Philadelphia is growing jobs at a faster pace than New York for the first time in at least 25 years, according to data complied by the regional chapter of the global commercial real estate firm CBRE.” 
For a city that has long been an afterthought for millennial and young professionals settling down, this study brings extremely welcome news. The area is home to some of the nations top Universities such as Penn and Villanova, so it is no surprise the “Eds and Meds” sector is leading employment opportunities. Fast paced growth was also seen in the transportation and warehousing sectors.
As highly educated young professionals continue to stay the area, it seems as though the “Eds and Meds” model should continue to create employment growth in the area for years to come.

Adam Ozimek, a senior economist at Moody’s Analytics in West Chester, was recently interviewed by Philly.com and is excited by the growth in the Philadelphia area:

“There’s clearly optimism. It’s a very exciting time to be watching the Philadelphia economy, that’s for sure. It feels like there’s a possibility that Philadelphia could be like one of those mega-cities.”

Homes you can rent in Philadelphia for $1500 right now!

Rental properties are becoming the norm in almost every market across the United States. Those seeking a new home are making the decision to rent at an increasing rate; so much so that the supply is having difficulty keeping up with the demand. Though the market is expanding and catering to the renter, it can be a challenge to get a handle on the ideal price. A dollar amount that may get you a 3 bedroom in Philly may only get you a storage locker in NYC. Because of this, we’re happy to provide you with a glimpse at what $1500 in rent will get you in our most popular markets! —RentalBeast.com

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All of these listings (and many more) are available on RentalBeast.com RIGHT NOW! Head on over to see more amazing rental properties in your ideal price range that could be yours today.

Why use a Real Estate Agent when renting an apartment?

1I only had one day in Philadelphia to find and lease an apartment that I would be living in for the next year. I’d be moving there in two months. The stress of finding the perfect place and submitting an application, all in less than 12 hours, was almost debilitating. I had been searching the usual rental sites but was having immense difficulties conversing with the listed landlords when trying to get more info about the apartment. Actually scheduling showings? Almost impossible.

This is a nightmare that thousands of apartment hunters face every day. Finding, visiting, and submitting an application is extremely time-consuming and stressful when you don’t have a trained professional helping you. Thankfully, one of the dozens of prospective units I emailed that day was listed by a real estate agent. The agent took me under his wing and helped me sign a lease on a rental unit during that limited 12 hour window I was in Philadelphia.

In most cities, it is not commonplace for apartment hunters to enlist the help of a Real Estate Agent when finding a unit to rent, however it is something consumers should absolutely take advantage of. Real Estate agents are experts in the exact field many apartment hunters have little no experience in: real estate. So, why wouldn’t a prospective tenant use this service?

 

As Yahoo Finance explains, “ By enlisting the help of an agent, you get all the benefits available to a homebuyer: professional experience, local knowledge and an understanding of your budgetary constraints.” In addition, the tedious and often difficult legwork of sourcing and scheduling showings is done for you. It allows for apartment hunters to rest easy and rely on the agent to find the perfect property for them.

 

Depending on the city you’re looking to live in, you might not even need to pay for the agents services. In many cities the agent fee will be paid for by the landlord or property management company, in others, this is less prevalent and the agent compensation will be paid by the tenant. Regardless of the compensation structure, the agent’s service when renting an apartment are well worth the small fees.

 

Without connecting with an agent on first trip down to Philadelphia, there is a great chance I would have signed a lease on an apartment I had not seen in person, or spent more money and time scheduling a trip back down.

 

Thankfully, Rental Beast makes it possible to find the perfect agent right from the get go. RentalBeast.com has partnerships with the best and biggest Real Estate Firms in the country, who employ top tier agents in their respective areas.

 

Don’t think twice when renting an apartment, use an agent.