WCRE August 2024 Newsletter
In the WCRE August 2024 Newsletter, we discuss the current commercial real estate events that are impacting Philadelphia, New Jersey, and New York. In Philadelphia we look at Adare Pharma […]
Read More....Expanding Retailers Actively Seek New Locations
Retailers overcame various economic challenges and signed leases for over 52 million square feet in the second quarter, marking a more than 10% increase from the average of the past […]
Read More....NYC Sidewalk Sheds Cost Businesses Thousands Monthly
Sidewalk sheds and scaffolding darkening Manhattan’s streets are taking a financial toll on the city. A study commissioned by New York City and conducted through Mastercard found that businesses in […]
Read More....New York’s Residential Market Faces NAR Deadline
When the National Association of Realtors (NAR) announced its proposed settlement and policy updates this spring, New York City’s residential real estate market largely shrugged. The city’s unique position stems […]
Read More....Can ‘Experiences’ Save Philadelphia-Area Malls
Greater Philadelphia has seen a surge in experiential retailers as consumers seek more interactive shopping options. Experts believe these immersive concepts are crucial for the survival of malls. While not […]
Read More....Macy’s Closures to Spark Significant Changes at Shopping Malls
Macy’s decision to close nearly a third of its stores will lead to significant changes in malls and communities across the U.S., with some transformations likely surprising shoppers. In late […]
Read More....New Jersey Industrial Owners Struggle with Growing Big Box Vacancy
A persistent mismatch in New Jersey’s industrial property sector between occupiers’ space needs and the influx of large new projects is creating a divide in the types of available industrial […]
Read More....Global Stock Dive Pressures Fed for Deep Rate Cut in September
The commercial real estate industry faced sudden uncertainty Monday as recession fears shook global markets. This could prompt a larger-than-expected interest rate cut in September, industry sources said. The Dow […]
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