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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
WCRE THIRD QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Take a Hit, as the Broader Economy Endures Economic Growth Remains Robust, but Rising... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
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... Continue reading→
62 Bed Bath & Beyond leases will help retailer with new store goals
Burlington is also in the midst of rolling out its smaller store prototype, which the South Jersey retail expects to... Continue reading→
Aldi Plans to Acquire Winn Dixie and Expanding South
No-frills discounter Aldi is the latest grocer to shake up the industry with big moves. The German retailer announced this... Continue reading→
Hardly Any CRE Loans Are Being Re-Financed
Lenders and special servicers are looking beyond refinancing options when it comes to working with borrowers on commercial real estate... Continue reading→
East Coast Mayors Call for More Office Conversions
Mayors in cities across the U.S. want to loosen rules that can slow the pace of office-to-residential conversions. In some... Continue reading→
Restaurant Properties Sell Across US
A pair of restaurant portfolio deals in the past week, following Darden Restaurants’ purchase last month of Ruth’s Chris Steak... Continue reading→
David’s Bridal Finds Investor to Keep 200 Stores Open
Beleaguered David’s Bridal may escape the fate of Bed Bath & Beyond and Buy Buy Baby. A New York-based firm,... Continue reading→
WCRE Second Quarter 2023 Report
South Jersey & Philly Markets See Mixed Results Key Indicators Show Signs of Trouble, Yet the Metro is Outperforming Peer... Continue reading→
Rising Borrowing Costs are Pushing Commercial Buyers and Sellers Apart
Economic uncertainty and elevated borrowing costs are pushing buyers and sellers further apart when it comes to pricing commercial properties... Continue reading→
Philadelphia’s Education and Medical Economy Leads The Region’s Employment Growth
After losing nearly 520,000 nonfarm jobs peak-to-trough in 2020, the Philadelphia region continues to surpass pre-pandemic employment levels with two... Continue reading→
Bed Bath & Beyond’s Bankruptcy Puts Distribution Space at Risk
Bed Bath & Beyond’s recent bankruptcy filing has significant implications for the retail property sector, now that the company has... Continue reading→
