Regional Commercial Real Estate Trends
Office Landlords Prefer a Type of Tennant
Many office landlords today are grateful for any lease they can secure to fill vacant space, but they do have preferences. Companies in the legal, banking, finance, and insurance industries […]
Read More....New Industrial Projects in Pennsylvania’s I-81 Corridor Leasing Faster Than Those Along I-95 in New Jersey
The I-81 corridor in Central and Eastern Pennsylvania and the I-95 corridor in New Jersey are critical logistics hubs for distribution centers serving the densely populated eastern mid-Atlantic region. Each […]
Read More....Fed Holds Interest Rates Steady Amid Signs of Cooling Inflation
The Federal Reserve left its overnight lending rate unchanged at its seventh consecutive meeting this week, maintaining the target rate for banks between 5.25% and 5.5%, a 22-year high. This […]
Read More....Industrial Tenants Leasing Surge
Concerns over inflation and higher interest rates affecting consumer spending remain widespread, but they are no longer causing industrial tenants to hesitate on lease transactions as they did last year. […]
Read More....Three Key Business Types Largely Driving Retail Demand Resurgence
Despite headlines focusing on recent store closures, the overall U.S. retail sector has experienced a resurgence over the past couple of years. Vacancy rates have declined, and rents have risen […]
Read More....Philly Development Projects Delayed by Tough Financing Conditions
Major Philadelphia real estate projects aimed at transforming the city have been derailed by challenging financing and macroeconomic conditions. High interest rates, which rose to combat inflation, remain elevated in […]
Read More....Center City’s Outdoor Dining Now Surpasses Pre-Pandemic Levels
The latest State of Center City report unveils positive trends for the district, encompassing key landmarks such as City Hall, the Pennsylvania Convention Center, and the Ensemble Arts campus. Retail […]
Read More....Walmart Closing All US Health Clinics Due to Profitability Issues
Walmart (WMT.N) announced on Tuesday it will close all 51 of its health clinics and end its virtual healthcare services, citing unsustainable business operations. Walmart spokeswoman Marilee McInnis stated, “Healthcare […]
Read More....WCRE April 2024 Newsletter
In the WCRE April 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. This month we cover major developments in Philadelphia […]
Read More....Center City Leaders Prioritize Residential Growth Amid Office Slowdown
Since 2021, over 7,000 new residential units have been built in Center City, transforming its daily population over the past five years. The shift has been from office workers to […]
Read More....Neutrogena to Close LA HQ, Shift Operations to NJ
Neutrogena is relocating its Los Angeles headquarters to New Jersey as part of a consolidation effort by its parent company, Kenvue, recently spun off from Johnson & Johnson. Kenvue, based […]
Read More....Adams & Company’s Midtown Buildings Unite Textile Tenants
Adams & Company aims to transform its buildings into specialized hubs, evidenced by recent agreements with textile companies. Principal David Levy emphasizes the allure of specialty buildings, noting their ability […]
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