Regional Commercial Real Estate Trends


Growth Expected Throughout National Office Space Market in 2018

The U.S. office market continued to benefit from strong fundamentals going into 2018, despite continued deceleration in net absorption, occupancy, and rental rate growth. With robust corporate profits and continued office-use job growth, that trend is expected to hold through the year as the recently approved tax cuts and expected gradual increases in interest rates […]

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Banks Close Record Number of Branches in 2017

Somewhat lost in the wave of store closure announcements last year was news that another major user of retail space abandoned a record amount of square footage. U.S. banks accelerated their pace of branch consolidation last year, closing a net of 2,069 locations, an 18 percent increase over the net number closed in 2016. The […]

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Rising Costs, Labor Shortage Could Force Commercial Construction Delays

With a large increase in the amount of office construction nationwide and continued building of warehouse, distribution facilities, and multi-family housing, the outlook for commercial development hasn’t been this strong in years. However, the increased building activity is exacerbating the already-keen competition for skilled construction workers in the commercial real estate market – including Philly […]

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2018 New Jersey Property Tax Appeal Reminder

2018 Property Tax Appeal Reminder

New Jersey Property Tax Appeal Reminder – During the next several weeks, New Jersey real property taxpayers will receive their annual (property tax) green postcards indicating 2018 assessments. The period to file a challenge to a 2018 assessment runs from February 1 to April 1, 2018. The April 1 deadline may, however, be adjusted to […]

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The Highest Value in Leases for Office and Industrial Real Estate

The top 1,000 corporate, government and institutional occupiers in the U.S. hold leases worth an aggregated rent value of more than $135 billion, encompassing just over 8.4 billion square feet of office, industrial, and flex space across about 115,500 properties, according to a recent analysis of CoStar Group tenant data. The study ranks occupiers by […]

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Analysts: Closing of Weakest Stores to Benefit Shopping Center Performance

The national retail vacancy rate ticked up 10 basis points for the second consecutive quarter to reach 5.2% in the third quarter of 2017 as retail leasing and net absorption slowed despite continuing improvement in the broader economy and growing consumer spending power, according to CoStar analysts. The slower leasing performance in the third quarter […]

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Off-Price Department Stores Rethinking Locations

After being one of the few retail bright spots for several years coming out of the great recession, off-price department stores — such as Macy’s Backstage and Nordstrom Rack — appear to be reassessing their business models and making changes to their location strategies following several quarters of declining sales. In an article written by […]

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A Look at the Impact New Fed Activity Will Have on Real Estate Valuations

Numerous times over the past several years, rising Treasury yields have prompted commercial real estate investors to speculate how the end of historically low interest rates would influence property values. Invariably, the yields reversed course — even after the Federal Reserve Board of Governors (The Fed) began, in late 2015, to ‘tighten’ monetary policy — […]

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CRE Investors Make Fewer Big Deals, But Raise More Money

The amount of uncalled or undrawn real estate investment capital, or “dry powder,” has grown to staggering levels. This increase has come at a time when the investment climate remains decidedly mixed, with top-quality assets in core markets commanding high valuations after a sustained up-cycle. As a result, investors are increasingly searching elsewhere for properties […]

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Despite A National Disappearing Act, U.S. Bank Branches Still Matter

The rate of consolidation among bank branches has increased in the past two years as customers continue to embrace digital banking. Simultaneously, the number of new branch openings continues to fall. Analysts, however, view this as part of a larger shift in how retail branches are being utilized by customers and where those brick-and-mortar institutions […]

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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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