Regional Commercial Real Estate Trends
Philadelphia Retailers Downsize Store Requirements, Leading to Smaller Average Retail Lease Sizes
The trend of diminishing retail lease sizes continues in the Philadelphia metropolitan area, spurred by the COVID-19 pandemic’s ongoing impact. In 2023, the average retail lease size shrank by nearly […]
Read More....Employment Rates According to Glassdoor
November’s robust employment figures didn’t guarantee an effortless economic transition, but they did provide some relief. With a 3.7% unemployment rate and the addition of 199,000 jobs, there’s no hint […]
Read More....Expect Commercial Real Estate Prices to Remain Depressed for the Foreseeable Future
Since the Federal Reserve began raising its benchmark interest rate in March 2022, the U.S. commercial real estate market has seen declining sales. A wait-and-see approach permeates today’s market as […]
Read More....Assessing Philadelphia’s Office Market Against Other Major US Cities
Amidst a national trend of companies downsizing office spaces over three years, the Philadelphia metropolitan area stands out for its resilience compared to several other major U.S. office markets. Although […]
Read More....Retailers Continue Favoring Small Store Sizes
The retail landscape continues its profound, enduring transformation in response to evolving consumer behavior. This shift encompasses not only the evolving roster of tenants leasing retail space but also the […]
Read More....Factors Fueling the Resurgence of Downtowns in the US
After facing challenges in the aftermath of the Covid-19 pandemic, downtowns throughout the United States are now showing signs of a positive turnaround. Despite a slow return of workers and […]
Read More....The percentage of individuals working from home has decreased to its lowest point since the pandemic
Less than 26% of U.S. households currently have individuals working remotely for at least one day a week, marking a substantial decline from the peak of 37% in early 2021, […]
Read More....WCRE THIRD QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Take a Hit, as the Broader Economy Endures Economic Growth Remains Robust, but Rising Interest Rates Weigh Down Commercial Real Estate Commercial real estate […]
Read More....Here is Where the Distressed CRE Loans are Piling Up the Fastest
The rate of loans backing office properties that are considered distressed or delinquent is on the rise as landlords of outdated office towers struggle to refill vacant spaces and cash […]
Read More....Nation’s Strongest and Weakest Apartment Rent Growth
For the first time in more than 20 years, Chicago’s apartment rent growth is the highest among its major market peers over the course of three consecutive quarters. Apartment rents […]
Read More....Several Categories Post Growth in Manufacturing Output As Supply Chain Disruptions Ease
U.S. industrial production increased by 1% in July from a month earlier after two consecutive quarters of decline as more manufacturing categories rebound from pandemic-sparked supply chain disruptions. While overall […]
Read More....Macy’s Plans Four New Small-Format Stores for Fall
Macy’s unveiled the locations of its next four new small-format stores, expanding the rollout this fall to the U.S. Northeast and West as the chain looks to optimize its national […]
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