Race for modern office spaces kicks into high gear in Conshohocken, King of Prussia and Plymouth

Other projects under way in the suburbs include Keystone Property Group's Sora West, seen here, Seven Tower Bridge and Metroplex Two in Plymouth.(MONTCO.Today fie photo.)

A number of new office projects in the works in Montgomery County, totaling nearly  1 million square feet,  is creating a rush for developers to stake claim in coveted spots.

For instance Equus Capital Partners Ltd., is jumping over competitors by building without the comfort of committed tenants. Along with a new project in Wayne, the company is also considering a location in Conshohocken., according to Steve Spaeder of Equus. He told the Philadelphia Business Journal in a story written by Natalie Kostelni,  “We’re taking a serious look at 400 Barr Harbor [Drive] in Conshohocken.”  That proposed 218,000-square-foot building is going through the approval process and Equus will “take a hard look” at breaking ground on it next spring, Spaeder said.

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Other projects under way in the suburbs include Keystone Property Group’s Sora West, a 429,000-square-foot complex in Conshohocken;  Seven Tower Bridge, a 250,000-square-foot building in Conshohocken; Metroplex Two, a 280,000-square-foot structure o Chemical Road in Plymouth Meeting.

According to reports released by JJL, average leasing rates are $36.27 per square foot in Conshohocken and in the Wayne-King of Prussia are rates are inching up to $40.

To read the complete story in the Philadelphia Business Journal, click here.

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