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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
Read More....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. […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
Read More....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 […]
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