Jason M. Wolf
Philadelphia On Track For Record Construction Activity In 2022
This year, Philadelphia is about to say “Yes In My Back Yard” to new development on an unprecedented scale. Over the course of last year, the Department of Licenses and […]
Read More....Top 10 Tallest Buildings Under Construction In Philadelphia In 2022
Given the number of new permits issued last year, Philadelphia appears on track for a record volume of construction this year. The majority of such construction is of the low- and […]
Read More....Drexel expert forecasts what the Philadelphia-area housing market will look like in 2022
As Greater Philadelphia’s residential real estate market continues to grapple with severely depleted inventory, a Drexel University expert projects buyers can expect much of the same from the local housing […]
Read More....WCRE FOURTH QUARTER 2021 REPORT
MOMENTUM IN SOUTHERN NEW JERSEY & PHILLY MARKETS STYMIED BY SURGING OMICRON VARIANT Industrial Continues Record-Breaking Run, While Return-to-Office Plans are Again Delayed Commercial real estate brokerage WCRE reported in […]
Read More....CMBS delinquency rate sees uptick for first time since June 2020
For the first time in 18 months, the rate of delinquency among properties that secure debt in commercial-mortgage-backed securities loan portfolios saw an uptick in December 2021. That’s according to […]
Read More....Announced Store Closings in 2021 Approach an All-Time Low
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the retail property market shows impressive signs of recovery at year-end. […]
Read More....The 6 Storylines That Defined 2021 In Philadelphia CRE
Though Philadelphia is finishing 2021 with the pandemic in as serious a state as it was when the year began, the city’s commercial real estate industry experienced a year of progress in […]
Read More....Office Occupancy Hits New Pandemic-Era High
Despite the lingering effects of Thanksgiving dinners across the nation, more workers returned to office buildings in the first week of December than at any point in the last 18 months. Average […]
Read More....Philadelphia leads all U.S. cities in apartment conversions since the start of 2020
Almost 1,900 apartment units have cropped up out of converted buildings in Philadelphia since the beginning of 2020, the most of any city in the country. Hotels, schools, factories and […]
Read More....Commercial Real-Estate Sales and Values Surge to Records
Investors purchased a record amount of commercial real estate in the third quarter, defying warnings that the Covid-19 pandemic would erode these property values and starve the industry of cash. […]
Read More....Zombie Office Buildings on the Rise As Pandemic Endures
In the good times leading up to the first quarter of 2020, the number of office properties written off as vacant “zombies” had largely dwindled in size across most major […]
Read More....Commercial Property Prices Rebound Strongly, Led by Hotels
Commercial real estate prices powered higher in the third quarter, led by strong growth in the hospitality sector, as properties hurt by COVID-19 in 2020 rebound, according to the latest […]
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