WCRE December 2023 Newsletter
In the WCRE December 2023 Newsletter, we cover a variety events impacting Philadelphia and South Jersey Commercial Real Estate. This month we cover major developments in Philly with industrial subleases […]
Read More....Rising Interest Rates Pose Challenges for Retail Transactions, Potentially Impacting Cap Rates
Compared to other property segments, the retail sector has seen modest declines in prices. Surprisingly, retail’s historically low vacancy rates and minimal new constructions over the past decade have challenged […]
Read More....Retailers Say More Store Openings Than Closings in 2023
On December 19, 2023, at 1:34 P.M., the retail landscape experienced a notable shift after a two-year period of relative calm on the bankruptcy front. In 2023, the industry was […]
Read More....Retailers That Drove Leasing in 2023
On December 18, 2023, at 4:34 P.M., the U.S. retail sector sustained its expansion throughout 2023, witnessing tenants lease more than 240 million square feet of retail space up to […]
Read More....Philadelphia Retailers Downsize Store Requirements, Leading to Smaller Average Retail Lease Sizes
The trend of diminishing retail lease sizes continues in the Philadelphia metropolitan area, spurred by the COVID-19 pandemic’s ongoing impact. In 2023, the average retail lease size shrank by nearly […]
Read More....WCRE Secures Ideal Location For Lotus ABA Services
Lotus ABA Services proudly announces its grand opening, marking a significant step in offering inclusive Applied Behavior Analysis (ABA) services to a diverse clientele. Rooted in the science of Behavior […]
Read More....Employment Rates According to Glassdoor
November’s robust employment figures didn’t guarantee an effortless economic transition, but they did provide some relief. With a 3.7% unemployment rate and the addition of 199,000 jobs, there’s no hint […]
Read More....WCRE Appoints Eric Grad To Spearhead New York Expansion
Enhances Partnership With CORFAC International Wolf Commercial Real Estate (WCRE | CORFAC International) a leading provider of commercial real estate services, proudly marks its 12th year by announcing the appointment […]
Read More....Expect Commercial Real Estate Prices to Remain Depressed for the Foreseeable Future
Since the Federal Reserve began raising its benchmark interest rate in March 2022, the U.S. commercial real estate market has seen declining sales. A wait-and-see approach permeates today’s market as […]
Read More....Assessing Philadelphia’s Office Market Against Other Major US Cities
Amidst a national trend of companies downsizing office spaces over three years, the Philadelphia metropolitan area stands out for its resilience compared to several other major U.S. office markets. Although […]
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