As a fan of urban development, I'm excited to see all the large amounts of construction occuring. From 281 apartments going into the AAA building, to 300 apartments at the Hillman Medical Center, to 160 apartments at the Goldtex building, to the former State Office building on Broad St., we're experiencing a large amount of new rentals coming on the market in Center City and surrounding communities.
However, as I've seen this rapid expansion of new housing, I haven't heard a whole lot on new office development. Infact, some of the examples above are of office space being converted into residential. Are we at risk of overbuilding residential without the office space to match? Or are the jobs already there in Center City and this is a demographic shift of more people wanting to live in the city?