Regional Commercial Real Estate Trends
The Conversion of Philadelphia’s Office Buildings Needs to Commence Immediately
The COVID pandemic has left an indelible mark on our collective memory, reshaping the way people work and where they work. In the Philadelphia area, the blending of home and […]
Read More....Wawa Opening First Modular Drive-Thru Stores
As Wawa aims for simultaneous expansion across multiple regions, leveraging prefabricated construction methods could streamline the building process and expedite store openings. Constructing the majority of a new building off-site […]
Read More....Rethinking ‘Flight to Quality’ in the Office Market
Despite its widespread use, the concept of ‘flight to quality’ falls short in capturing the nuanced dynamics of the office occupancy market. While it appears valid on the surface, a […]
Read More....The Latest Employment Rate for January 2024
The resilience of the U.S. labor market continues to astonish economists and Wall Street, with January seeing broad job gains totaling 353,000. Health care and social assistance led the hiring […]
Read More....NYC’s Office Return Surges, Reaching 70% of Pre-Pandemic Levels
In December, the resurgence of the return-to-office trend saw average visitation rates at 350 Manhattan buildings climb to 67% of 2019 levels, as reported by the Real Estate Board of […]
Read More....Rising Retail Capitalization Rates Amid Sustained Consumer Demand
After a period of price discovery, the Philadelphia region is adjusting to a new valuation standard for commercial real estate assets. Recent transactions indicate that the higher interest rates of […]
Read More....Challenges Intensify as Office Market Faces Influx of Lease Expirations and Loan Maturities
An alarming number of leases are poised to expire in the next five years, posing a potential prolonged challenge for the U.S. office market. Recent analysis by CRED iQ, a […]
Read More....Commercial Real Estate Sales in Philadelphia Sector Enter 2024 on a Low Note
After enduring the slowest year for commercial property sales in over a decade in 2023, the Philadelphia region approaches the new year with cautious optimism. The initial months are expected […]
Read More....University of Michigan Survey: Consumer Sentiment Surges, Inflation Outlook Dips
Despite concerns of an impending economic slowdown, a survey released on Friday indicates that consumers are increasingly optimistic about the economy and inflation in early 2024. The University of Michigan’s […]
Read More....Philadelphia Industrial Assets Remain Top Choice for Real Estate Investors for Third Consecutive Year
Despite a 57% annual sales decline in 2023, industrial properties in the Philadelphia region maintained their status as the preferred asset class. The industrial sector is poised to exhibit resilience […]
Read More....WCRE FOURTH QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Prove Mostly Resilient Uncertainty in the Office Market, Robust Demand in Industrial and Retail Commercial real estate brokerage WCRE reported in its analysis of […]
Read More....New York Metro: 2023 Year in Review
As we reflect on the New York Metro’s 2023 journey in both retail and office sectors, it’s clear that challenges persist but so do opportunities. While the office market declined […]
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