Regional Commercial Real Estate Trends


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 reported in its analysis of the fourth quarter that commercial […]

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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 U.S. since the 1980s. About 134 million square feet of […]

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Interest Rates and Economy Will Affect building Industry in 2023

how interest rates will affect building 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 declined by 18%, with nonresidential building starts — encompassing sectors […]

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Royal Farms Plans for North Carolina Expansion

Royal Farms Expanding

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 2023, according to a news release. Its first locations will […]

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Five Below Store Openings are Slow but Moving Forward

Five Below Slow Openings But Still Moving Forward with Expansions

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 four years. “We are gaining momentum going into ’23,” Joel Anderson, […]

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Inflation Puts Cost of Living in Spotlight, Philly Ranking Affordability

Cost of Living

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 goods.  That’s according to a Business Journals analysis of the […]

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Retailers Cautiously Optimistic About Holiday Shopping

Covid-19 concerns are diminished, inflation worries are high. But consumers are ready to celebrate what’s for many the first so-called normal holiday season in three years, which experts say should keep sales relatively strong and ultimately bolster the retail real […]

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Amazon’s Strategy for Big Industrial Space Cuts

Amazon Big Industrial Cuts

Retail behemoth Amazon is generally tight-lipped about its real estate strategy, and it didn’t say much about its decision to trim its industrial portfolio earlier this year. Still, through its actions, a strategy is coming into focus: Small spaces go […]

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ULI Survey Predicts Modest Slowdown, Quick Economic Recovery

Cost of Living

The Urban Land Institute’s semi-annual survey of 40-plus economists and real estate industry analysts suggest an economic and real estate slowdown are on the horizon. The survey, released every May and November, gives median measurements among surveyed economists on how […]

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World Series Matchup Between Astros and Phillies: A Costar Look

Philadelphia Phillies

A World Series between the Houston Astros and Philadelphia Phillies, set to start Friday in Texas, also is a matchup of two of the country’s most important commercial real estate markets. Those baseball teams play in the fourth- and sixth-largest […]

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Warehouse Demand Shows Signs of Cooling for First Time Since Pandemic’s Onset

Warehouse Demand is Beginning to Slow Down

The softening economy is finally catching up with the nation’s industrial real estate as a pandemic-fueled boom in warehouse demand shows signs of slowing. The U.S. industrial vacancy rate ticked up slightly in the third quarter to 3.2% from 3% […]

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Fundamental Change Coming to Office Sector

Office Changes Coming to US Post Covid

As the CEO of a company that produces one of proptech’s leading data visualization tools—offering advanced predictive analytics—Navigator’s Taylor Odegard has no trouble visualizing the future of offices in central business districts. From a booth with a commanding position on […]

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