Regional Commercial Real Estate Trends


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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Demand for Industrial Properties Expected to Remain Strong

The outlook for industrial real estate in the commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – couldn’t be better, a recent outlook report notes, despite uncertainty regarding potential changes in federal trade policies and the large amount of new warehouse and distribution space currently under construction. […]

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Banks Again Increase Pace of Construction Lending, Raising Regulatory Concerns

The construction and development (C&D) lending category for U.S. banks was once again the most rapidly growing loan category in 2016 for the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – following a year of outsized lending growth in 2015. C&D lending by banks surged […]

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CRE Execs Balance Tax Reform Optimism with Interest Rate Concern

With a commercial real estate executive now in the White House, 69 percent of the CRE executives responding to a recent survey said they expect President Trump will have an overall positive impact on the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – in 2017. […]

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Office Construction Completions to Peak In 2017

Steady growth in office-based employment over the last few years, and rising demand from big employers for a diminishing supply of newer high-quality office space in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – have combined to create a fertile environment for new office […]

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Major CRE Construction Activity Expected to Moderate Following Strong 2016

Construction starts are expected to trend lower this year following a 2016 that is shaping up to be both a post-recession peak and an inflection point for development across all major property types in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space. The Associated Builders […]

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U.S. Office Construction Extends Recovery by Closely Matching Demand

The 135 million square feet of office space under construction at the end of the third quarter across the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – only modestly exceeds the long-term historical average of 127 million square feet. Office construction in the U.S. and […]

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Retailers Expect Real Estate Trends to Continue in 2017

The theatrical phrase “to be continued” usually signals an exciting story twist is coming. But anyone hoping for a plot twist next year to the ongoing saga of shrinking apparel retailers won’t be happy with the comments by several top retailers in this segment during quarterly earnings conference calls this past week. Clothing retail executives […]

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