The King of Prussia District (KOP-BID) recently gathered industry partners and members of the community at the Sheraton Valley Forge to release its 2017 annual Report to the Community.

The Report shows that King of Prussia, one of the Mid-Atlantic Region’s best locations for business, continues to be suburban Philadelphia’s largest commercial, industrial, retail, and hospitality center, and stands to grow into the image of one of America’s most desirable edge cities.

Since KOP-BID’s creation in 2010, KOP has seen a dramatic transformation over the last seven years.

“Upper Merion Township created KOP-BID in 2010. Since then, UMT, KOP-BID, the county, and hundreds of corporate partners have sparked a renaissance in KOP,” said Bill Jenaway, Chairman of the Upper Merion Township Board of Supervisors. “We have worked together to establish a cohesive vision for the future of this great community.”

The Report provides a comprehensive overview of KOP retail, dining, tourism, hospitality, commercial real estate, and housing sectors, and offers a glimpse into future plans that will help KOP remain competitive.

Key highlights that show growth and energy in KOP:

• $1 billion in economic development projects.
• In Q4 2010, total commercial office vacancy rate was 17.6 percent. In Q4 2016, that number was reduced to 11.9 percent.
• In 2010, no new housing units were under construction. In 2016, 2,500+ new, luxury, multi-family residential units were completed or under construction.
• In 2016, three large companies established their corporate headquarters in KOP.

View the report in its entirety below.

KoP Report by Ken Knickerbocker on Scribd