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Regional Commercial Real Estate Trends


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 shoppers accelerate their shift to buying online. Industrial activity was robust for a ninth-straight year in the U.S. commercial real estate market – including Philly […]

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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 securitization in 2019 throughout the national and Philadelphia commercial real estate markets. While the Federal Reserve’s rate increases appear to be having little meaningful economic […]

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WCRE 2018 FOURTH QUARTER REPORT

WCRE 2019 FOURTH QUARTER REPORT

MODERATE GROWTH CONTINUES IN SOUTHERN NEW JERSEY & PHILLY CRE MARKETS Another Solid Quarterly Performance Amid Political and Financial Uncertainty Commercial real estate brokerage WCRE reported in its analysis of the fourth quarter of 2018 that the Southern New Jersey and Southeastern Pennsylvania markets continued to show overall solid fundamentals, buoyed by new investments from […]

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Philadelphia Employers, Economy Positioned for Growth In 2019

With trade tensions escalating and interest rates in the national and Philadelphia commercial real estate market on an upward path, economists are increasingly warning the U.S. economy is in danger of slipping into recession in 2020. While risks of an eventual national economic slowdown in the U.S. commercial real estate market – including Philly office […]

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Life in the Fast-Food Lane: Restaurants Add Drive-Thrus Across the Country

Jack in the Box Chief Executive Leonard Comma knows his fast-food chain’s sales are dependent on drive-thru lanes. That’s why he said his company is investing as much as $45 million the next three years on digital menu boards and canopies to make the experience faster and more personal. Quick-service purveyors across the national and […]

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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 the Treasury Department released guidelines on the program. Almost 40,000 properties in the more than 8,760 zones in the national and Philadelphia commercial real estate […]

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Bank Branch Closings Accelerate as Consolidations Continue to Rise

Banks are closing more branches at a faster pace as clients choose technology over tellers, with the outlets shut in the third quarter running about 50 percent higher than the quarterly average over the past two years. Branch consolidation in the national and Philadelphia commercial real estate market has been a response to the growing […]

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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 and around Philadelphia’s central business district (CBD) such as Market Street West and University City. These higher vacancies were caused by move outs by both […]

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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 of closing 250 restaurants across the country. Landlords throughout the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly […]

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Commercial Real Estate Mortgage Debt Surges to New Record

Mortgage debt underlying offices, apartments, and other non-farm commercial real estate rose the most in any quarter on record to a new high of $3.27 trillion in the second quarter of 2018 as all major investor groups increased their holdings amid strong economic growth. The $52.3 billion growth in debt on office, multifamily, retail, industrial […]

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New Jersey Bill Aims to Help Vacant Malls, Office Parks

New Jersey lawmakers are making a new legislative push to help rid the state of its vacant and half-empty malls and office complexes, properties that have fallen victim both to e-commerce and a new preference in corporate America for urban settings. Under a bill that recently came out of committee in the state Legislature, “buildings […]

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Big Retailers Shrink Stores to Boost Sales

Plans by fast-food chain Taco Bell to open 300 new small-format restaurants across the country in the next four years are the latest being undertaken by a slew of major national brands experimenting with smaller stores to cut real estate costs and cater to urban millennials. Taco Bell, Nike, Target, and Nordstrom are just a […]

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