Regional Commercial Real Estate Trends
Chinatown Leader Vows: ‘We Won’t Back Down’ in Sixers Arena Fight
As city officials review recently released impact studies on the Philadelphia 76ers’ proposed Center City arena, Chinatown advocates remain firmly opposed. The city-commissioned reports, released Monday, suggest the 18,500-seat 76 […]
Read More....Expanding Retailers Actively Seek New Locations
Retailers overcame various economic challenges and signed leases for over 52 million square feet in the second quarter, marking a more than 10% increase from the average of the past […]
Read More....Can ‘Experiences’ Save Philadelphia-Area Malls
Greater Philadelphia has seen a surge in experiential retailers as consumers seek more interactive shopping options. Experts believe these immersive concepts are crucial for the survival of malls. While not […]
Read More....Macy’s Closures to Spark Significant Changes at Shopping Malls
Macy’s decision to close nearly a third of its stores will lead to significant changes in malls and communities across the U.S., with some transformations likely surprising shoppers. In late […]
Read More....New Jersey Industrial Owners Struggle with Growing Big Box Vacancy
A persistent mismatch in New Jersey’s industrial property sector between occupiers’ space needs and the influx of large new projects is creating a divide in the types of available industrial […]
Read More....Philadelphia REIT Benefits From Leasing Momentum
The balance between office tenant downsizing and expansions is now favoring some landlords again, according to executives from one of the country’s leading real estate investment trusts. Brandywine Realty Trust, […]
Read More....Office Leasing in Manhattan is Improving
The Manhattan office market is showing notable improvement as we enter the second half of the year. Key indicators of this improvement include a potential peak in the overall office […]
Read More....Powell Suggests Fed Might Cut Rates Before Inflation Hits 2%
Federal Reserve Chair Jerome Powell stated on Monday that the central bank will not wait until inflation reaches 2% to cut interest rates. Speaking at the Economic Club of Washington […]
Read More....WCRE Second Quarter 2024 Report
Southern New Jersey & Philly CRE Markets Show Adaptability While Awaiting Rate Cuts Markets Strive for Stability Amid High Borrowing Costs and Inflation Commercial real estate brokerage WCRE reported in […]
Read More....Office Landlords Prefer a Type of Tennant
Many office landlords today are grateful for any lease they can secure to fill vacant space, but they do have preferences. Companies in the legal, banking, finance, and insurance industries […]
Read More....New Industrial Projects in Pennsylvania’s I-81 Corridor Leasing Faster Than Those Along I-95 in New Jersey
The I-81 corridor in Central and Eastern Pennsylvania and the I-95 corridor in New Jersey are critical logistics hubs for distribution centers serving the densely populated eastern mid-Atlantic region. Each […]
Read More....Fed Holds Interest Rates Steady Amid Signs of Cooling Inflation
The Federal Reserve left its overnight lending rate unchanged at its seventh consecutive meeting this week, maintaining the target rate for banks between 5.25% and 5.5%, a 22-year high. This […]
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