Regional Commercial Real Estate Trends
Retail sales will grow this year, but at a slower rate than in 2021
Retail sales in the U.S. are expected to grow between 6% and 8% this year, as Americans shift more of their spending to restaurants and trips and cope with sticker […]
Read More....Here’s how major companies are approaching the return to office
After two years of uncertainty and false starts, many companies are setting their return plans in motion. From tech giants to financial firms to small businesses, numerous companies have announced […]
Read More....Global Economy Suffering Collateral Damage From Ukraine Invasion
Well before Russia invaded Ukraine, the International Monetary Fund was already forecasting global economic growth to moderate this year, the result of ongoing inflation driven by supply chain disruptions, energy price […]
Read More....What Higher Interest Rates and Inflation Mean for Commercial Real Estate
The era of near zero interest rates appears to be nearing an end. Despite emergent geopolitical risks stemming from Russia’s invasion of Ukraine, mounting inflation now has the Fed’s full […]
Read More....Costs to develop, lease industrial keep soaring as demand for warehouses remains historically high
It’s now more expensive than ever to source, build and rent warehouse space — but that hasn’t tempered demand. The market has reached a point where industrial landlords are sometimes […]
Read More....Economic Momentum Weakens as US Enters the New Year
As the Federal Reserve signals its intention to raise interest rates soon to battle rising inflation, it’s been easy to overlook how well the economy performed over the past year […]
Read More....Bank Branch Closings Hit Another Record High
Last year produced another record-high number of bank branch closings with 3,601 locations shutting their doors, according to Federal Deposit Insurance Corp. data. The trimming of bank branches has been […]
Read More....Why Companies Aren’t Cutting Back on Office Space
In our monthly surveys of 5,000 American workers and 500 U.S. employers, and in our numerous conversations with managers, a huge shift to hybrid work is abundantly clear for office and […]
Read More....Philadelphia On Track For Record Construction Activity In 2022
This year, Philadelphia is about to say “Yes In My Back Yard” to new development on an unprecedented scale. Over the course of last year, the Department of Licenses and […]
Read More....Top 10 Tallest Buildings Under Construction In Philadelphia In 2022
Given the number of new permits issued last year, Philadelphia appears on track for a record volume of construction this year. The majority of such construction is of the low- and […]
Read More....Drexel expert forecasts what the Philadelphia-area housing market will look like in 2022
As Greater Philadelphia’s residential real estate market continues to grapple with severely depleted inventory, a Drexel University expert projects buyers can expect much of the same from the local housing […]
Read More....WCRE FOURTH QUARTER 2021 REPORT
MOMENTUM IN SOUTHERN NEW JERSEY & PHILLY MARKETS STYMIED BY SURGING OMICRON VARIANT Industrial Continues Record-Breaking Run, While Return-to-Office Plans are Again Delayed Commercial real estate brokerage WCRE reported in […]
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