Philly faces $50 million price tag for essential component in Rail Park extension

Philadelphia has a smaller prime business district than most of its peers, but the largest vibrant mixed-use portfolio, a CBRE report shows.

The increase is partially tied to a building boom that researchers expect to abate this year as supply catches up with demand.

The Philadelphia 76ers are no longer building an arena in Center City. But reviving the area is still on the table.