WCRE December 2023 Newsletter
![WCRE December 2023 Newsletter](https://wolfcre.com/wp-content/uploads/2023/12/december-monthly-recap-150x150.jpg)
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
![Rising Interest Rates Pose Challenges for Retail Transactions, Potentially Impacting Cap Rates](https://wolfcre.com/wp-content/uploads/2023/12/rates-150x150.png)
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
![Retailers Announce More Store Openings Than Closings in 2023](https://wolfcre.com/wp-content/uploads/2023/12/retailers-1-150x150.png)
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
![The Retailers That Drove Leasing in 2023](https://wolfcre.com/wp-content/uploads/2023/12/retailers-150x150.png)
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
![Average Retail Lease Size Gets Smaller as Philadelphia Retailers Reduce Store Size Requirements](https://wolfcre.com/wp-content/uploads/2023/12/izakaya-1-150x150.png)
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](https://wolfcre.com/wp-content/uploads/2023/12/Lotus-ABA-150x150.jpeg)
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
![Employment rates and economy updates according to Glassdoor](https://wolfcre.com/wp-content/uploads/2023/12/er-150x150.png)
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
![](https://wolfcre.com/wp-content/uploads/2023/11/eric-grad-large-150x150.png)
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
![Don’t Count on Commercial Real Estate Prices Bottoming Out Any Time Soon](https://wolfcre.com/wp-content/uploads/2023/12/cre-150x150.png)
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
![Assessing Philadelphia's Office Market Against Other Major US Cities](https://wolfcre.com/wp-content/uploads/2023/12/city-office-150x150.png)
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 […]
Read More....