Regional Commercial Real Estate Trends
CMBS delinquency rate sees uptick for first time since June 2020
For the first time in 18 months, the rate of delinquency among properties that secure debt in commercial-mortgage-backed securities loan portfolios saw an uptick in December 2021. That’s according to […]
Read More....Announced Store Closings in 2021 Approach an All-Time Low
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the retail property market shows impressive signs of recovery at year-end. […]
Read More....The 6 Storylines That Defined 2021 In Philadelphia CRE
Though Philadelphia is finishing 2021 with the pandemic in as serious a state as it was when the year began, the city’s commercial real estate industry experienced a year of progress in […]
Read More....Office Occupancy Hits New Pandemic-Era High
Despite the lingering effects of Thanksgiving dinners across the nation, more workers returned to office buildings in the first week of December than at any point in the last 18 months. Average […]
Read More....Philadelphia leads all U.S. cities in apartment conversions since the start of 2020
Almost 1,900 apartment units have cropped up out of converted buildings in Philadelphia since the beginning of 2020, the most of any city in the country. Hotels, schools, factories and […]
Read More....Commercial Real-Estate Sales and Values Surge to Records
Investors purchased a record amount of commercial real estate in the third quarter, defying warnings that the Covid-19 pandemic would erode these property values and starve the industry of cash. […]
Read More....Zombie Office Buildings on the Rise As Pandemic Endures
In the good times leading up to the first quarter of 2020, the number of office properties written off as vacant “zombies” had largely dwindled in size across most major […]
Read More....Commercial Property Prices Rebound Strongly, Led by Hotels
Commercial real estate prices powered higher in the third quarter, led by strong growth in the hospitality sector, as properties hurt by COVID-19 in 2020 rebound, according to the latest […]
Read More....Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage
Amazon, the world’s largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting facilities over a two-year period that began early in the […]
Read More....Electric-vehicle manufacturing may rev up already busy industrial market
Some of the most high-profile warehouse — and economic development — deals in the U.S. today are in the electric vehicle space. Whether it’s Tesla Inc.’s (NASDAQ: TSLA) 4-million-square-foot manufacturing […]
Read More....ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year
A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending this year as shoppers return to brick-and-mortar stores and buy […]
Read More....WCRE THIRD QUARTER 2021 REPORT
SOUTHERN NEW JERSEY & PHILLY MARKETS’ ANTICIPATED COMEBACK DELAYED BY DELTA VARIANT Investment Activity & Large Transactions Regained Steam, While Industrial Continued To Lead The Way Commercial real estate brokerage […]
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