Regional Commercial Real Estate Trends


A Quarter of Houston CRE Properties Suffer Flood Damage

As the flood waters continue to recede in Texas and Louisiana, officials caution the storm waters continue to pose threats to life and property. However, the region is shifting into recovery mode and beginning to take a full measure of the unprecedented destruction brought by Hurricane Harvey. An assessment of the potential impact of the […]

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Chinese Government Moves to Reduce Overseas Real Estate Investments

The U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space –  could soon find out what happens when the government of the world’s largest country tightens the spigot on overseas investments from its citizens. Last week, the State Council of the People’s Republic of China officially announced […]

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Philadelphia Industrial Vacancy Increases to 5.9 Percent

The Philadelphia industrial market ended the second quarter of 2017 with a vacancy rate of 5.9 percent. The vacancy rate in the region’s commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – was up over the previous quarter, with net absorption totaling positive 1,782,519 square feet in […]

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National Price Indices Trending Upward at Midyear

Midyear 2017 pricing trends continue to rise steadily across all U.S. regions and types of properties as the equal-weighted U.S. Composite Index rose by 1.4 percent in June, contributing to a second-quarter gain of 5 percent, as the value-weighted U.S. Composite Index advanced by a similar 1.3 percent for the month and by 4.1 percent […]

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E-Commerce Comes to Food Shopping as Amazon Buys Whole Foods

Grocery stores, once considered more immune to risks from online competition compared with its clothing and department store counterparts, may not be as resilient as many have long thought. After Amazon dropped the recent bombshell news that it plans to buy Whole Foods Market Inc. for $13.2 billion, some investors and analysts in the commercial […]

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Office and Industrial Sales Hold Steady as Overall CRE Sales Drift Lower

Investors continued to buy less commercial real estate in both the second quarter and the first half of 2017 compared to the same periods a year ago, a trend that started in 2016 as steady fundamentals that have resulted in generally robust occupancies and rental rate gains have boosted valuations across most property types. However, […]

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Separate Construction Outlooks Predict Good Times Ahead for Commercial Developers

Industry reports released recently, including a new index launched by the U.S. Chamber of Commerce and materials supplier USG Corp., reveal a strong expected performance by the U.S. commercial construction industry, along with optimism among contractors that new projects will be added throughout next year. An overwhelming majority of respondents, 96%, surveyed for the new […]

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Retail Mall Vacancies Are No Longer Just a Class C Issue

Store closures have been the talk of the retail industry over the first five months of the year, with Sears-Kmart, JCPenney and Macy’s announcing more than 64 million square feet of combined closures since the start of 2017 and at least 10 leading in-line retailers filing for bankruptcy court reorganization or auction. While most retail […]

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Dearth of Properties Holding Back U.S. Industrial Sales Volumes

The U.S. industrial real estate market is seeing a shortage of bulk warehouse and logistic centers available for sale along with a shift in focus by industrial REITs from acquisition to development. The resultant flattening in yields will likely produce lower investment sales volumes this year throughout the commercial real estate market – including Philly […]

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Unprecedented Chinese Investment in U.S. CRE Raises Concern

As investors from China continue to make substantial purchases in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – concern is rising in Washington D.C. over the potential implications this deluge might be having on national security. To ensure these issues are being fully considered, […]

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Philadelphia Office Vacancy Rate Drops Below 9 Percent

The Philadelphia Office market ended the first quarter of 2017 with a vacancy rate of 8.7%. The vacancy rate was down from the previous quarter, with net absorption totaling positive 173,096 square feet in the first quarter in the commercial real estate market – including Philly office space, Philly retail space and Philly industrial space. […]

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Restrained Optimism Reigns in Latest CRE Growth Forecast

Reflecting what might be described as restrained optimism, the latest Urban Land Institute (ULI) Real Estate Consensus Forecast, just released by The CoStar Group, sees a more modest rate of growth among commercial real estate (CRE) transactions from the frenzied pace seen in recent years. The forecast, based on a survey last month of 53 […]

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