Philadelphia is the fifth largest city in America and is the second largest city on the East Coast with a population of 5.8 million people. This city is located about forty five miles from the south west of New York City and has a humid sub-tropical climate. The birthplace of America is the Philadelphia with buildings and museums of the area often called as "Historic Philadelphia”. During the Revolutionary War, Philadelphia served as one of the nation's many capitals. The Fairmount Park in Philadelphia is 9,200 acres wide and is the world’s largest landscaped urban park.

The most interesting tourist attractions in this city are the Liberty Bell, Independence Hall, National Constitution Center, Franklin Court, Elfreth’s Alley, Betsy Ross House, Christ Church Burial Ground, American Philosophical Society Museum, Carpenter’s Hall and the Declaration house. One of the largest art museums in the United States is the Philadelphia Museum of Art. This city has the fourth highest Gross Domestic Product among American cities, with a total GDP of $312 billion. The major economic sectors which contribute to the nation’s economy include manufacturing, oil refining, food processing, health care and biotechnology, tourism and financial services.

Despite the economic crisis hitting the whole country, rent real estate Philadelphia is recorded as one of the lowest office vacancy rates in the nation at 10.2%. The commercial office rentals faced a hard knock though with a huge dip in rentals. Serviced units, temporary office spaces, furnished units, and even just conference rooms rented by the hour have dropped in price because of the bad economy. In order to attractive for Real Estate Businesses, many land and building owners in Philadelphia had to package their tenancy agreements with a lot of concessions.

According to a report, sell real estate Philadelphia will take a few years to recover as most companies are afraid to commit to a lease or long term office rental. Despite very low mortgage interest rates and tax incentives, the property Housing Market is showing signs of improvement this month in Philadelphia. Lenders aren't really tightening standards anymore and the employment situation has stabilized and the housing is affordable again.