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Regional Commercial Real Estate Trends


Retail Sales Explode in March as Consumers Use Stimulus Checks to Spend Heavily

A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice from aggressive congressional spending. Advance retail sales rose 9.8% for the month, the Commerce Department reported Thursday. That compared to […]

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Nearly 10,000 Apartments Under Construction in Philadelphia, With More on the Way

The Durst Organization’s proposed 26-story, 360-unit apartment project along the Delaware River is among a series of multifamily developments going through the approval process in Philadelphia, underscoring the optimism residential developers have for the city in spite of the pandemic. […]

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Recovery in the Big Markets Is Catching Up With the Small

The U.S. has maintained a 2.5 million vaccine dose per day average for the past two weeks, and the benefits have become immediately apparent. Every state has vaccinated at least 25% of its population, with many states likely to pass […]

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Pandemic Prompts McDonald’s to Close 325 Restaurants in Walmart Stores

McDonald’s Corp. plans to close about 325 restaurants in Walmart stores as it shifts spending to new openings and renovations while Walmart looks to introduce new food concepts. The in-store food service changes come after what started as an experiment […]

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Consumers Spent $900 Billion More Online in 2020. Here’s Who Will Keep the Biggest Gains

Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according to a report released Tuesday by the Mastercard Economics Institute.  Shoppers are heading back to restaurants and returning to stores […]

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Retail Rent Collections Climb to 90% for the First Time in a Year

Retail rent collections are steadily improving. In February, rent collections surpassed 90% among national retailers for the first time since March 2020, when the pandemic began, according to research from Datex Property Solutions. In the same month last year, national […]

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Inflation Seen As Low Risk for Commercial Real Estate Investors

As the third COVID-19 relief bill made its way through Congress, a new concern dominated conversations among economists: inflation. Massive stimulus packages that more than bridge the current output gap mixed with a 25% increase in the money supply has […]

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13M Square Feet and Growing: Mapping Amazon’s Rapidly Expanding Real Estate Footprint Across the Philadelphia Region

From Northeast Philadelphia to King of Prussia, Amazon.com Inc.’s real estate footprint continues to grow throughout the tri-state area and the company now occupies a tad more than 13 million square feet between expansive fulfillment centers and last-mile distribution facilities.  […]

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Office Sublet Space May Pose More of a Competitive Threat Than Initially Thought

Office sublet space may pose more of a competitive threat than initial estimates indicated.  Initially, it looked to some that, while the amount of sublet space in the U.S. office market reached record highs, it wasn’t a major threat because […]

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Empty Office Buildings Squeeze City Budgets as Property Values Fall

WASHINGTON — At a meeting with Treasury Secretary Janet Yellen last month, Jeff Williams, the mayor of Arlington, Texas, laid out his grim economic predicament: Heavy spending on coronavirus testing and vaccine distribution had dwarfed dwindling tax revenue, forcing the […]

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As Store Owners Sign More Short-Term Leases, Landlords are Taking a Risky Bet on the Future of Retail

Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few years until we find out which party is on the winning side. As thousands of retail leases come up for […]

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Amazon is Now America’s Most Popular Grocery Store as Online Food Shopping Soars

As the coronavirus pandemic has led to a surge in online orders, Amazon is now the country’s most popular grocery store, according to a recent study by the Dunnhumby Retailer Preference Index. The online retail giant is ahead of big-box retailers such as Walmart and Costco, […]

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