City Planning Commission Forwards Commercial Zoning Adjustments to City Council
The City Planning Commission has approved the Adams administration’s comprehensive commercial zoning reforms, named City of Yes for Economic Opportunity,...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
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...Continue reading→
WCRE FOURTH QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Prove Mostly Resilient Uncertainty in the Office Market, Robust Demand in Industrial and Retail...Continue reading→
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...Continue reading→
Interest Rates and Prices Could Fall in 2024
The eagerly anticipated interest rate-cutting cycle might kick off as early as March 2024, as speculated by some voices on...Continue reading→
Rising Interest Rates Pose Challenges for Retail Transactions, Potentially Impacting Cap Rates
Compared to other property segments, the retail sector has seen modest declines in prices. Surprisingly, retail’s historically low vacancy rates...Continue reading→
Retailers Say More Store Openings Than Closings in 2023
On December 19, 2023, at 1:34 P.M., the retail landscape experienced a notable shift after a two-year period of relative...Continue reading→
Retailers That Drove Leasing in 2023
On December 18, 2023, at 4:34 P.M., the U.S. retail sector sustained its expansion throughout 2023, witnessing tenants lease more...Continue reading→
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....Continue reading→
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...Continue reading→
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→
