Regional Commercial Real Estate Trends


Philly Development Projects Delayed by Tough Financing Conditions

Philly Development Projects Delayed by Tough Financing Conditions

Major Philadelphia real estate projects aimed at transforming the city have been derailed by challenging financing and macroeconomic conditions. High interest rates, which rose to combat inflation, remain elevated in […]

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Center City’s Outdoor Dining Now Surpasses Pre-Pandemic Levels

Center City's Outdoor Dining Now Surpasses Pre-Pandemic Levels

The latest State of Center City report unveils positive trends for the district, encompassing key landmarks such as City Hall, the Pennsylvania Convention Center, and the Ensemble Arts campus. Retail […]

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Walmart Closing All US Health Clinics Due to Profitability Issues

Walmart Closing All US Health Clinics Due to Profitability Issues

Walmart (WMT.N) announced on Tuesday it will close all 51 of its health clinics and end its virtual healthcare services, citing unsustainable business operations. Walmart spokeswoman Marilee McInnis stated, “Healthcare […]

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WCRE April 2024 Newsletter

WCRE April 2024 Newsletter

In the WCRE April 2024 Newsletter, we cover a variety events impacting Philadelphia, South Jersey, New York and U.S. Commercial Real Estate. This month we cover major developments in Philadelphia […]

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Center City Leaders Prioritize Residential Growth Amid Office Slowdown

Center City leaders focus on continued growth of residents as office lags

Since 2021, over 7,000 new residential units have been built in Center City, transforming its daily population over the past five years. The shift has been from office workers to […]

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Neutrogena to Close LA HQ, Shift Operations to NJ

Neutrogena to Close LA HQ, Shift Operations to NJ

Neutrogena is relocating its Los Angeles headquarters to New Jersey as part of a consolidation effort by its parent company, Kenvue, recently spun off from Johnson & Johnson. Kenvue, based […]

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Adams & Company’s Midtown Buildings Unite Textile Tenants

Adams & Company's Midtown Buildings Unite Textile Tenants

Adams & Company aims to transform its buildings into specialized hubs, evidenced by recent agreements with textile companies. Principal David Levy emphasizes the allure of specialty buildings, noting their ability […]

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2024 Trends in Commercial Real Estate

2024 Trends in Commercial Real Estate

Let’s look at some trends in commercial real estate and what is driving them. The relationship between supply and demand ultimately determines property prices, rents, and yields. However, you must […]

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The exclusivity of New York’s million-dollar earner club is diminishing

The exclusivity of New York's million-dollar earner club is diminishing

Between 2020 and 2021, New York saw an increase of over 21,000 tax filers reporting earnings of $1 million or more, as revealed by recent data from the Internal Revenue […]

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Being Together in the Workplace is Essential

Being Together Turns Out to Be a Big Office Amenity After All

For Mitch Goldenberg, the decision was clear-cut. Regardless of any return-to-office directive, it held little sway. “I reside in a one-bedroom apartment in New York City. It becomes monotonous,” remarked […]

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WCRE First Quarter 2024 Report

Q1 2024 WCRE

Southern New Jersey & Philly Markets Look to Build on Last Year’s Surprising Resiliency A Soft Landing Seems More Likely than Before, but Higher Interest Rates Remain a Challenge, and […]

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Risant Health Finalizes Acquisition of Geisinger

Risant Health Finalizes Acquisition of Geisinger

On March 31, Washington, D.C.-based Risant Health, a nonprofit organization affiliated with Oakland, Calif.-based Kaiser Permanente, completed its acquisition of Danville, Pa.-based Geisinger Health. The acquisition marks a significant step […]

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