Regional Commercial Real Estate Trends
U.S. Economy Shows Strong Momentum
U.S. Treasury Secretary Scott Bessent indicated that the U.S. economy is finishing the year on solid footing, citing strong holiday retail activity and continued economic growth. Speaking on CBS News’ […]
Read More....Philadelphia-Area Nonprofits Change Real Estate Strategies
Recently, several Philadelphia nonprofits updated their real estate footprints. They adjusted operations and made strategic buy-and-sell decisions. To start, Montgomery County SPCA bought land for a new headquarters. Then Easterseals […]
Read More....Chase Expands as Others Retreat
While many banks are scaling back, JPMorgan Chase & Co. is doing the opposite. Over the past five years, the nation’s largest bank has added 47 new branches across the […]
Read More....Philly Retail Slows in City Harder Than Suburbs
Retail rent growth in the Philadelphia region has cooled in recent quarters, reflecting a nationwide slowdown and the impact of widespread store closures from major retailers including Rite Aid, Party […]
Read More....Rite Aid Shuts Doors Nationwide After Second Bankruptcy
Rite Aid has officially closed all of its remaining stores following two bankruptcies within two years. The company announced that all locations have now shut their doors, while assuring customers […]
Read More....Office Inventory in NJ Declining Again
Over the past decade, many New Jersey office owners have opted to divest underperforming assets rather than invest in costly renovations with limited potential to boost occupancy. Since 2018, the […]
Read More....Fed Cuts Rates as Labor Market Softens
The Federal Reserve lowered its benchmark interest rate by 25 basis points in September, setting the new target range at 4.00% to 4.25%. This marks the Fed’s first rate cut […]
Read More....Aging Inventory Slows Retail Rent Growth in Philadelphia
Philadelphia’s retail sector continues to lag behind other major U.S. markets when it comes to rent growth. In the third quarter, the region placed 13th out of the top 15 […]
Read More....Retail Bankruptcies Repeat as “Chapter 22” Trend Grows
Bankruptcy isn’t bringing second chances for many U.S. retailers. A wave of chains have returned to court only a few years after first seeking Chapter 11 protection. In August, mall […]
Read More....Industrial Real Estate Hits First Decline in Over a Decade
Five years ago, the e-commerce boom made warehouses the hottest play in commercial real estate. Growth began to cool in 2022, and now high inflation and shifting tariff policies are […]
Read More....High-Vacancy Office Buildings Now Hold Greater Share of Empty Space
For years, vacant office space in most markets has been concentrated in a relatively small set of properties. Today, however, high-vacancy buildings account for an even larger share of unused […]
Read More....U.S. Retail Sales Rise in July Despite Inflation Concerns
U.S. retail and food service sales rose 0.5% in July compared with the previous month and were up 3.9% year-over-year, according to Commerce Department data. Gains were led by motor […]
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