Office Occupancy Hits New Pandemic-Era High
Despite the lingering effects of Thanksgiving dinners across the nation, more workers returned to office buildings in the first week of December...Continue reading→
Philadelphia leads all U.S. cities in apartment conversions since the start of 2020
Almost 1,900 apartment units have cropped up out of converted buildings in Philadelphia since the beginning of 2020, the most...Continue reading→
Commercial Real-Estate Sales and Values Surge to Records
Investors purchased a record amount of commercial real estate in the third quarter, defying warnings that the Covid-19 pandemic would...Continue reading→
Zombie Office Buildings on the Rise As Pandemic Endures
In the good times leading up to the first quarter of 2020, the number of office properties written off as...Continue reading→
Commercial Property Prices Rebound Strongly, Led by Hotels
Commercial real estate prices powered higher in the third quarter, led by strong growth in the hospitality sector, as properties...Continue reading→
Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage
Amazon, the world’s largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting...Continue reading→
Electric-vehicle manufacturing may rev up already busy industrial market
Some of the most high-profile warehouse — and economic development — deals in the U.S. today are in the electric...Continue reading→
ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year
A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending...Continue reading→
WCRE THIRD QUARTER 2021 REPORT
SOUTHERN NEW JERSEY & PHILLY MARKETS’ ANTICIPATED COMEBACK DELAYED BY DELTA VARIANT Investment Activity & Large Transactions Regained Steam, While...Continue reading→
Peloton’s Pandemic Expansion Leads to One of the Year’s Biggest US Industrial Lease Deals
Peloton is cranking up its pandemic property expansion as the producer of at-home exercise equipment and classes, signing one of...Continue reading→
Resilient Consumers Keep Spending
Rising COVID cases stemming from the virulent delta variant have driven governments and businesses to reimpose social distancing measures and...Continue reading→
Real estate interest in farmland is sprouting, as land values are up 7% nationally year over year
Soaring land values, inflation concerns and a desire among real estate investors to diversify their portfolios is prompting new interest...Continue reading→
Cooling Off as the Delta Variant Strikes
Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior,...Continue reading→
WCRE SECOND QUARTER 2021 REPORT
WCRE SECOND QUARTER 2021 REPORT: SOUTHERN NEW JERSEY & PHILLY MARKETS FOCUS ON LIGHT AT THE END OF THE TUNNEL...Continue reading→
Many employees want to work remotely forever. Some business owners will fire those who try.
Many small business owners want their employees to return to the office full-time as the pandemic wanes — and 39%...Continue reading→
Cannabis Sales Go Suburban as Large, Open Air Shopping Centers Become Fertile Retail Ground
A Grupo Flor store that just opened in Union City, California, is billed as the nation’s first cannabis business in a type...Continue reading→
The Future of Office Work has Arrived
Effective 6 AM on June 4, 2021, employers had the green light to require their employees to return to the...Continue reading→
Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives
After a two-year halt, residential real estate developers in New Jersey can now apply for state tax incentives from $50...Continue reading→
Sheetz Becomes First Convenience Store Chain to Accept Cryptocurrency
Sheetz, the Pennsylvania-based convenience store chain, has announced it will enable digital currency payments to provide customers with the ability...Continue reading→
Petco To Buy Full Veterinary Practices to Boost In-Store Hospital Business in Industry Property Shift
Petco now plans to acquire full veterinary practices with established customers and relocate them into its stores as the nation’s...Continue reading→
