Governor Murphy Signs the NJ Economic Recovery Act of 2020
Effective today, January 7, 2020, Governor Phil Murphy signed the NJ Economic Recovery Act of 2020. The NJERA bill creates... Continue reading→
Apartment Rents, Occupancies Stabilizing in Center City Philadelphia
Philadelphia proved to be one of the most stable major apartment markets in the U.S. during 2020, with rents in many... Continue reading→
Eight Ways the Pandemic Changed Commercial Real Estate
The coronavirus pandemic has forced the commercial real estate market into a series of seismic shifts, accelerating some trends and... Continue reading→
Scranton’s Industrial Market Holds on Strong Through 2020
With just a few weeks left in the year, it appears increasingly likely that Scranton will be crowned the 2020 Queen of... Continue reading→
Murphy USA’s $645 Million QuickChek Deal Shows Growing Convenience Store Demand
The purchase of QuickChek, a family-owned regional chain with stores in New Jersey and New York, for $645 million by... Continue reading→
More Positive Developments in Allentown’s Neighborhood Improvement Zone
It was a busy week for the commercial property market in downtown Allentown, Pennsylvania. For those tracking the growth and development occurring... Continue reading→
Voorhees Town Center Buyer Terminates Agreement
Brandywine Acquisition & Development has terminated its purchase and sale agreement to acquire the Voorhees Town Center due to the... Continue reading→
Gap Inc. to Close 350 Stores by 2023 as Clothing Retailer Retools Real Estate Footprint
Iconic retailer Gap Inc. said it would close 350 stores by 2023 across its namesake and Banana Republic brands, a decision that... Continue reading→
Despite Bleak Near-Term Outlook, Philadelphia Economy Should Survive Coronavirus
The coronavirus spread has reintroduced factors absent from in the national and Philadelphia commercial real estate markets economy for almost... Continue reading→
U.S. Economy Records Another Month of Job Growth
For the second month in a row, U.S. firms active in the national and Philadelphia commercial real estate markets blasted... Continue reading→
Grocers, Gyms, Discount Apparel Keeping Philly Retail Space Market Afloat
Store closures reached a record-high nationally in 2019, and the Philadelphia commercial real estate market was not spared from the... Continue reading→
Retail Pop-Ups Evolve as Landlords Seek Fresh Appeal
The bright neon sign declares “You are magic!” as a room fills with a rainbow of lights activated by a... Continue reading→
New Census Figures Show Rise in College Educated Renters in Philly
Just before the start of 2020, the U.S. Census Bureau released a treasure trove of its most recent demographic data... Continue reading→
Job Growth, Consumer Spending Bode Well for CRE in 2020
The longest economic expansion since World War II in the national and Philadelphia commercial real estate markets shows indications of... Continue reading→
2019 U.S. Office Investment, Leasing Shatters Records
Demand for U.S. offices throughout national and Philadelphia commercial real estate markets set a post-recession record in 2019 as companies... Continue reading→
Mixed Messages Cloud the View Toward Clarity in Economic Policy
Analysts had hoped to get some clarity in the past week on both monetary policy and fiscal policy fronts. Instead,... Continue reading→
Are Retailers’ Earnings Reports Telling Us Something?
“After seven consecutive quarters of comparable sales growth, we experienced a deceleration in our third-quarter sales,” – Macy’s CEO Jeff... Continue reading→
Big-Box Store Landlords See Signs Shoppers Still Spending
Some big-box store and mall owners in both national and Philadelphia commercial real estate markets are releasing sighs of relief:... Continue reading→
Lower Inflation Figures Reflect Slowing Rent Growth
Recently released October consumer inflation numbers indicate less upward pressure on prices throughout national and Philadelphia commercial real estate markets,... Continue reading→
East and West Trade Deals Bring Sighs of Relief, for Now
Recession and trade talks recently have been in the same sentence, with political entrenchment a risk to sap growth through... Continue reading→
