Posts Categorized: WCRE Market Commentary

WCRE Third Quarter Report: Southern New Jersey Office Leasing Rebounds

WCRE Third Quarter Report: Southern New Jersey Office Leasing Rebounds, Still Lags Behind 2015 Levels Office Leasing Posts Strongest Quarter of the Year, Investments, Sales, and Philadelphia Remain Areas Of Strength Marlton, NJ – Commercial real estate brokerage WCRE reported in its latest quarterly analysis that the Southern New Jersey office market has bounced back… Read more »

WCRE Regional Investment Market Update

Those of you that have been tracking the Southern New Jersey commercial real estate leasing market are well aware that we are approaching our 3rd consecutive quarter of decreasing office leasing activity. There are a few factors directly responsible for this, none of which include the word Brexit.  Even with the slow-down in leasing activity,… Read more »

WCRE SECOND QUARTER REPORT: SOUTHERN NEW JERSEY OFFICE LEASING TAKES A NOTICEABLE DIP, BUT INVESTMENT AND SALES REMAIN STRONG

Retailers Lose Ground to Online Stores while the Industrial market has stayed strong DOWNLOAD Q2 2016 COMMENTARY PRESS RELEASE AS PDF July 11, 2016 – Marlton, NJ –  Commercial real estate brokerage WCRE reported in its latest quarterly analysis that the slow-down in commercial leasing activity in Southern New Jersey that began late last year… Read more »

Breathless over Brexit: What will it mean for U.S. Commercial Real Estate?

Breathless over Brexit: What will it mean for U.S. Commercial Real Estate? As the world markets reacted to last week’s decision by U.K. voters to leave the European Union, one of the many potential economic impacts is the effect on U.S. commercial real estate. For the foreseeable future, the only thing certain is uncertainty –… Read more »

Pennsylvania’s New Medical Marijuana Law – Implications for Commercial Real Estate

This article explores the Implications of Pennsylvania’s medical marijuana for commercial real estate. On April 17th, Pennsylvania joined 23 other states and the District of Columbia that have legalized some form of medicinal or recreational use of marijuana. Under the new law, specially-licensed physicians will be able to prescribe medical marijuana to patients who have… Read more »

WCRE FIRST QUARTER REPORT: SEASONAL SLOW-DOWN, SHAKY FINANCIAL MARKETS TAKE TOLL ON SOUTHERN NEW JERSEY, BUT AREAS OF STRENGTH REMAIN

Philadelphia Continues its Strengthening Trend Q1 2016 Press Release in PDF April 7, 2016 – Marlton, NJ –Commercial real estate brokerage WCRE reported in its latest quarterly analysis that 2016 began much as 2015 ended: with Southern New Jersey commercial real estate growth slowing down somewhat. The report included some reasons to stay optimistic, such as… Read more »

Philadelphia’s Land Bank Could Ease Path to Development

Philadelphia’s Land Bank Could Ease Path to Development Purchasing public properties for redevelopment in Philadelphia can often be a cumbersome task.   Parcels may be owned by several different City agencies, and negotiating a purchase can be complex – especially when attempting to assemble several smaller parcels for a larger development. The Philadelphia Land Bank was… Read more »

Funding Project Infrastructure

Funding Project Infrastructure Application Period Open for Commonwealth Financing Authority Multimodal Grants. In 2013, Pennsylvania passed Act 89, legislation that created new funding for investment in transportation projects statewide. One notable element of the bill was the creation of a Multimodal Fund for non-highway capital needs. By the fifth year of the fund, nearly $144… Read more »

Philadelphia vs. Camden?

Philadelphia vs. Camden? The battle for new business. Following the passage of the New Jersey Economic Opportunity Act in 2013, a number of high-profile developments and corporate relocations in Camden have made front-page news. Attracted by public incentives, Subaru and the Philadelphia 76ers have announced moves to downtown Camden. Liberty Property Trust is also planning… Read more »