Three Key Business Types Largely Driving Retail Demand Resurgence

Three Key Business Types Largely Driving Retail Demand Resurgence

Despite headlines focusing on recent store closures, the overall U.S. retail sector has experienced a resurgence over the past couple of years. Vacancy rates have declined, and rents have risen […]

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Rising Office Demand Signals Recovery Optimism

Rising Office Demand Signals Recovery Optimism

Brandywine Realty Trust CEO Jerry Sweeney doesn’t label himself an optimist regarding the “frustratingly slow” pace of the national office market’s recovery. However, as head of one of the largest […]

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Manhattan Office Tower with Saks Flagship Eyes Residential Conversion

Manhattan Office Tower with Saks Flagship Eyes Residential Conversion

The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]

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Philly Development Projects Delayed by Tough Financing Conditions

Philly Development Projects Delayed by Tough Financing Conditions

Major Philadelphia real estate projects aimed at transforming the city have been derailed by challenging financing and macroeconomic conditions. High interest rates, which rose to combat inflation, remain elevated in […]

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Center City’s Outdoor Dining Now Surpasses Pre-Pandemic Levels

Center City's Outdoor Dining Now Surpasses Pre-Pandemic Levels

The latest State of Center City report unveils positive trends for the district, encompassing key landmarks such as City Hall, the Pennsylvania Convention Center, and the Ensemble Arts campus. Retail […]

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Price Gaps Worsening

Price Gaps Worsening

Surprise fees persist, sneaking onto bills from concerts to dining outings. Retail analysts note a trend of companies unbundling costs, such as adding a credit card swipe fee or extra […]

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Here’s the Key Driving Downtown New York’s Revival

Here's the Key Driving Downtown New York's Revival

As downtown areas rebound, attention has primarily centered on office re-openings. However, recent findings challenge this focus, revealing that nightlife and after-hours engagement are more influential in driving recovery than […]

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The Sought-After Benefit Worth a Salary Reduction

The Sought-After Benefit Worth a Salary Reduction

Since the pandemic, employers are seeking ways to stand out in a competitive hiring landscape. This has led to the popularity of perks like unlimited vacation and sabbaticals, as well […]

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Walmart Closing All US Health Clinics Due to Profitability Issues

Walmart Closing All US Health Clinics Due to Profitability Issues

Walmart (WMT.N) announced on Tuesday it will close all 51 of its health clinics and end its virtual healthcare services, citing unsustainable business operations. Walmart spokeswoman Marilee McInnis stated, “Healthcare […]

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WCRE April 2024 Newsletter

WCRE April 2024 Newsletter

In the WCRE April 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. This month we cover major developments in Philadelphia […]

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Center City Leaders Prioritize Residential Growth Amid Office Slowdown

Center City leaders focus on continued growth of residents as office lags

Since 2021, over 7,000 new residential units have been built in Center City, transforming its daily population over the past five years. The shift has been from office workers to […]

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