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Regional Commercial Real Estate Trends


Retail Vacancies Spike in South Jersey as Prospective Tenants Remain Skittish on New Leases

Retail vacancies are rising across South Jersey as ripple effects of Covid-19 continue to grow nearly a year after the pandemic first hit the region.  A new report from Wolf Commercial Real Estate on the South Jersey market found that […]

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Exeter Property Group to be Acquired by EQT AB in $1.9B Deal

Exeter Property Group, a global industrial property behemoth started by Ward Fitzgerald in 2006, has entered into a deal to be acquired for $1.9 billion.  EQT AB, a Stockholm private equity firm, will buy Conshohocken-based Exeter in a transaction that involves $1.07 […]

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Brandywine CEO Jerry Sweeney Sees Signs of a Big Year for Owners of High-End Commercial Real Estate

Covid-19 sent shockwaves through the commercial real estate market in 2020. Jerry Sweeney now sees opportunity.  “I think everybody who’s in our business should be incredibly enthusiastic about what could happen in 2021,” said the CEO of Brandywine Realty Trust, the largest […]

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Developers Want Malls to Become Warehouses or Offices. It Is a Slog.

Potential land mines await those seeking to raze and redevelop a space that spans dozens of football fields Many developers look at failing malls and envision modern office campuses, bustling warehouses or residential buildings. But some are finding that converting […]

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Air Cargo Construction is Booming, Thanks to Amazon

Since the pandemic started nearly a year ago, 15,000 fewer people arrive and depart daily from the Cincinnati/Northern Kentucky International Airport, known as CVG. Yet the 60% drop in passenger traffic is not so apparent on the airport’s four runways, […]

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WCRE FOURTH QUARTER 2020 REPORT

WCRE FOURTH QUARTER 2020 REPORT: SOUTHERN NEW JERSEY & PHILLY CRE MARKETS REMAIN ON SHAKY GROUND AS PANDEMIC WEARS ON Industrial was Strong, While Other Sectors Felt the Brunt of COVID’s Worsening Spread Commercial real estate brokerage WCRE reported in […]

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Governor Murphy Signs the NJ Economic Recovery Act of 2020

Effective today, January 7, 2020, Governor Phil Murphy signed the NJ Economic Recovery Act of 2020. The NJERA bill creates a 7-year, $14 Billion Dollar bundle of tax incentives geared to allure and preserve New Jersey based real estate development […]

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Apartment Rents, Occupancies Stabilizing in Center City Philadelphia

Philadelphia proved to be one of the most stable major apartment markets in the U.S. during 2020, with rents in many of its suburban submarkets ending the year up more than 4%. But owners of Center City apartment towers had a much […]

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Eight Ways the Pandemic Changed Commercial Real Estate

The coronavirus pandemic has forced the commercial real estate market into a series of seismic shifts, accelerating some trends and bringing others to a complete halt.  It wasn’t so long ago that everyone talked about the importance of shared workspaces, […]

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Scranton’s Industrial Market Holds on Strong Through 2020

With just a few weeks left in the year, it appears increasingly likely that Scranton will be crowned the 2020 Queen of Pennsylvania logistics. Her ascension to the throne is somewhat surprising. There were some troublesome signs within the market at the […]

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Murphy USA’s $645 Million QuickChek Deal Shows Growing Convenience Store Demand

The purchase of QuickChek, a family-owned regional chain with stores in New Jersey and New York, for $645 million by Southern-based gas-and-convenience-store giant Murphy USA spotlights how demand is rising for this type of commercial property in the pandemic. The […]

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More Positive Developments in Allentown’s Neighborhood Improvement Zone

It was a busy week for the commercial property market in downtown Allentown, Pennsylvania. For those tracking the growth and development occurring within the unique tax-incentive program contained entirely within Pennsylvania’s third largest city, the past 10 days have offered plenty of […]

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