Phil Costa
East and West Trade Deals Bring Sighs of Relief, for Now
Recession and trade talks recently have been in the same sentence, with political entrenchment a risk to sap growth through the rest of this year and next. In that case, […]
Read More....Grocery, Fitness Emerge as Retail Market Bright Spots
As e-commerce accelerates its sweeping disruption of the traditional U.S. retail industry throughout national and Philadelphia commercial real estate markets, store tenants that offer experiences and use smaller spaces are […]
Read More....Philadelphia Job Growth Slows Heading Into 2020
With construction activity ramped up throughout the national and Philadelphia commercial real estate markets, and with Center City’s restaurants packed, most residents maintain a positive feeling about the current health […]
Read More....Midsize Tenants Dominate Demand for Industrial Space
E-commerce and last-mile logistics tenants in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – are fueling additional demand for […]
Read More....Philadelphia’s Unemployment Rate Falls to 30-Year Low
After another month of job growth, the Philadelphia market has reached an important milestone: The metro area’s unemployment rate fell to 3.1 percent in May, the lowest level of unemployment […]
Read More....Property Investors Increasingly Prefer the Flavor of Fast-Casual Restaurants
Sit-down, full-service restaurant chains operating in national and Philadelphia commercial real estate markets continue to face pressure from fast-casual competitors, and not just in the competition to woo diners. Investors […]
Read More....May Retail Sales Data Shows Strength in Consumer Spending
May retail sales numbers reported throughout businesses operating in national and Philadelphia commercial real estate markets did not disappoint, suggesting a rebound in consumer spending from a slow start to […]
Read More....Analysts See Strong Warehouse Demand Despite Varied Concerns
Leasing and sales of distribution centers and other industrial properties reached records across the country last year, signaling strengthening demand in the national and Philadelphia commercial real estate markets as […]
Read More....Rising Interest Rates Change the Makeup of Securitized Loans
Headwinds from rising interest rates and investor caution as U.S. economic growth approaches a record stretch are likely to lead to less traditional lending terms for commercial real estate loan […]
Read More....Opportunity Zone Property Sales Up 8 Percent Over Last Year
Investors pumped $2.6 billion more into properties covered by the federal Opportunity Zone tax incentive initiative — an 8 percent increase from the same time last year — even before […]
Read More....Office Space Near Philadelphia Independence Hall in Great Demand
Could there be signs the Philadelphia Independence Hall office market is heating up? Throughout 2015 and 2017 Independence Hall was an outlier with noticeably higher vacancies than other submarkets in […]
Read More....Landlords Could Seize Opportunity If Papa John’s Shuts Stores
It’s not often that commercial real estate landlords want to lose tenants, but that may be the case with the criticized pizza chain Papa John’s as it faces the prospect […]
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