Regional Commercial Real Estate Trends
Concessions Offered to Lure Office Tenants
A growing spread between starting and effective rents illustrates how office landlords — even among coveted Class A buildings — are seeing their rental income eroded as the office market […]
Read More....Philly’s First Indoor Pickleball Center to Open in Malvern
When temperatures drop and Philadelphia-area pickleball players scramble to find a place to play their increasingly popular sport indoors, they quickly find their options are limited. Not to worry, Bounce […]
Read More....Mortgage Bonds Coming Due in 2023
Some $17 billion in mortgage bonds backed by office properties is coming due this year, in an environment where the outlook for the U.S. office market is cloudier than ever […]
Read More....New Jersey’s Proposed Liquor License Reform Wins Support
New Jersey Gov. Phil Murphy’s proposal to overhaul what he described as the state’s “antiquated and confusing” Prohibition-era liquor license laws is drawing support from the real estate community and […]
Read More....Some Retail Tenants look to Aggressively Expand
Despite lingering uncertainty in the economy, some retailers are preparing to roll out robust expansion plans in 2023 and subsequent years. An analysis by Minneapolis-based commercial real estate firm Northmarq […]
Read More....Office Owners Want to Own More Than Office Space
Many of the most prominent office developers in the U.S. are shifting gears, looking to buy or build real estate that isn’t office. Boston Properties Inc. is planning to develop […]
Read More....WCRE FOURTH QUARTER 2022 REPORT
Southern New Jersey & Philly Markets Buffeted By Rapid Interest Rate Hikes, Inflation Leasing and Sales are Down, and Some Deals in Progress are Disrupted Commercial real estate brokerage WCRE […]
Read More....US Industrial Development Starts the Plunge in the Fourth Quarter
Inflation and the higher interest rates accompanying it have finally begun to curtail the largest commercial real estate construction boom by square footage recorded for any property type in the […]
Read More....Interest Rates and Economy Will Affect building Industry in 2023
Especially on the for-sale housing side, the construction market is slowing in the wake of higher interest rates and concerns about a recession in 2023. In November, total construction starts […]
Read More....Royal Farms Plans for North Carolina Expansion
Royal Farms is the latest convenience store chain plotting a course to expand in the Southeast. Baltimore-based Royal Farms will open stores in six North Carolina cities starting in early […]
Read More....Five Below Store Openings are Slow but Moving Forward
Discount retailer Five Below’s store expansion slowed a bit this year, but the retailer still expects to be just about on target to debut 1,000 brick-and-mortar sites in the next […]
Read More....Inflation Puts Cost of Living in Spotlight, Philly Ranking Affordability
The cost of living in the Philadelphia metro area is slightly higher than in the average U.S. market, with local residents paying more for housing and utilities but less for […]
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