Regional Commercial Real Estate Trends
Industrial Real Estate Hits First Decline in Over a Decade
Five years ago, the e-commerce boom made warehouses the hottest play in commercial real estate. Growth began to cool in 2022, and now high inflation and shifting tariff policies are […]
Read More....High-Vacancy Office Buildings Now Hold Greater Share of Empty Space
For years, vacant office space in most markets has been concentrated in a relatively small set of properties. Today, however, high-vacancy buildings account for an even larger share of unused […]
Read More....U.S. Retail Sales Rise in July Despite Inflation Concerns
U.S. retail and food service sales rose 0.5% in July compared with the previous month and were up 3.9% year-over-year, according to Commerce Department data. Gains were led by motor […]
Read More....U.S. Industrial Market Faces Slower Demand Amid Economic Uncertainty
After a strong start to 2025, the U.S. industrial real estate market is showing signs of cooling as tenant demand eases and broader economic concerns weigh on activity. Although the […]
Read More....Consumer Confidence Rises Slightly Amid Market Gains and Tariff Truce
American consumers showed a modest uptick in optimism in early July, buoyed by a strong stock market and a temporary halt on new tariffs. The University of Michigan’s preliminary consumer […]
Read More....Major Changes to New Jersey’s Mansion Tax Now in Effect
As of July 1, 2025, New Jersey’s 2026 State Budget has officially gone into effect, bringing with it significant changes to the state’s so-called “Mansion Tax,” via Assembly Bill 5804. […]
Read More....Philly Metro Job Market Surges in May, Led by Health and Education Sectors
The Philadelphia-Camden-Wilmington metro area experienced notable job growth in May 2025, with preliminary data from the Bureau of Labor Statistics reporting a total of 3,154,100 nonfarm jobs—an increase of 15,800 […]
Read More....The Office Sector is Recovering But Not Widespread
Over the past year, the decline in office occupancy has significantly eased, and a spike in leasing activity suggests that a long-anticipated rebound may finally be taking shape. Still, the […]
Read More....Philly Workforce Expands Amid Sector Shifts
Philadelphia’s job market remains resilient despite national concerns around tariffs and business uncertainty. In April 2025, the region added 14,800 jobs—a 1.5% increase year-over-year—while the unemployment rate fell to 4.2%, […]
Read More....U.S. Employment Grows by 139,000 in May, Beating Forecasts
Hiring remained relatively stable in May, even as businesses and consumers navigated economic uncertainty tied to tariffs and a potential slowdown, according to the Bureau of Labor Statistics. Nonfarm payrolls […]
Read More....May Consumer Confidence Jumped on Trade Deal Optimism
Consumer optimism saw a strong rebound in May, driven by hopes for trade peace between the U.S. and China, according to a survey released Tuesday. The Conference Board’s Consumer Confidence […]
Read More....Industrial Construction Taking Shape in Lehigh Valley
The Lehigh Valley remains Pennsylvania’s second-most active construction market, well behind Greater Philadelphia but showing steady momentum. While industrial construction activity has dipped this year, a deep pipeline of proposed […]
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