Regional Commercial Real Estate Trends
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 […]
Read More....Peloton’s Pandemic Expansion Leads to One of the Year’s Biggest US Industrial Lease Deals
Peloton is cranking up its pandemic property expansion as the producer of at-home exercise equipment and classes, signing one of the biggest industrial leases in the United States. The maker […]
Read More....Resilient Consumers Keep Spending
Rising COVID cases stemming from the virulent delta variant have driven governments and businesses to reimpose social distancing measures and delay return-to-office policies, putting a damper on some economic activity. […]
Read More....Real estate interest in farmland is sprouting, as land values are up 7% nationally year over year
Soaring land values, inflation concerns and a desire among real estate investors to diversify their portfolios is prompting new interest in farmland real estate. U.S. farm real estate value is […]
Read More....Cooling Off as the Delta Variant Strikes
Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior, business activity, and the housing market released last week showed […]
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