Regional Commercial Real Estate Trends
Rite Aid Shuts Doors Nationwide After Second Bankruptcy
Rite Aid has officially closed all of its remaining stores following two bankruptcies within two years. The company announced that all locations have now shut their doors, while assuring customers […]
Read More....Office Inventory in NJ Declining Again
Over the past decade, many New Jersey office owners have opted to divest underperforming assets rather than invest in costly renovations with limited potential to boost occupancy. Since 2018, the […]
Read More....Fed Cuts Rates as Labor Market Softens
The Federal Reserve lowered its benchmark interest rate by 25 basis points in September, setting the new target range at 4.00% to 4.25%. This marks the Fed’s first rate cut […]
Read More....Aging Inventory Slows Retail Rent Growth in Philadelphia
Philadelphia’s retail sector continues to lag behind other major U.S. markets when it comes to rent growth. In the third quarter, the region placed 13th out of the top 15 […]
Read More....Retail Bankruptcies Repeat as “Chapter 22” Trend Grows
Bankruptcy isn’t bringing second chances for many U.S. retailers. A wave of chains have returned to court only a few years after first seeking Chapter 11 protection. In August, mall […]
Read More....Industrial Real Estate Hits First Decline in Over a Decade
Five years ago, the e-commerce boom made warehouses the hottest play in commercial real estate. Growth began to cool in 2022, and now high inflation and shifting tariff policies are […]
Read More....High-Vacancy Office Buildings Now Hold Greater Share of Empty Space
For years, vacant office space in most markets has been concentrated in a relatively small set of properties. Today, however, high-vacancy buildings account for an even larger share of unused […]
Read More....U.S. Retail Sales Rise in July Despite Inflation Concerns
U.S. retail and food service sales rose 0.5% in July compared with the previous month and were up 3.9% year-over-year, according to Commerce Department data. Gains were led by motor […]
Read More....U.S. Industrial Market Faces Slower Demand Amid Economic Uncertainty
After a strong start to 2025, the U.S. industrial real estate market is showing signs of cooling as tenant demand eases and broader economic concerns weigh on activity. Although the […]
Read More....Consumer Confidence Rises Slightly Amid Market Gains and Tariff Truce
American consumers showed a modest uptick in optimism in early July, buoyed by a strong stock market and a temporary halt on new tariffs. The University of Michigan’s preliminary consumer […]
Read More....Major Changes to New Jersey’s Mansion Tax Now in Effect
As of July 1, 2025, New Jersey’s 2026 State Budget has officially gone into effect, bringing with it significant changes to the state’s so-called “Mansion Tax,” via Assembly Bill 5804. […]
Read More....Philly Metro Job Market Surges in May, Led by Health and Education Sectors
The Philadelphia-Camden-Wilmington metro area experienced notable job growth in May 2025, with preliminary data from the Bureau of Labor Statistics reporting a total of 3,154,100 nonfarm jobs—an increase of 15,800 […]
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