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→
Grocery, Fitness Emerge as Retail Market Bright Spots
As e-commerce accelerates its sweeping disruption of the traditional U.S. retail industry throughout national and Philadelphia commercial real estate markets,...Continue reading→
Philadelphia Job Growth Slows Heading Into 2020
With construction activity ramped up throughout the national and Philadelphia commercial real estate markets, and with Center City’s restaurants packed,...Continue reading→
Midsize Tenants Dominate Demand for Industrial Space
E-commerce and last-mile logistics tenants in the U.S. commercial real estate market – including Philly office space, Philly retail space...Continue reading→
Philadelphia’s Unemployment Rate Falls to 30-Year Low
After another month of job growth, the Philadelphia market has reached an important milestone: The metro area’s unemployment rate fell...Continue reading→
Property Investors Increasingly Prefer the Flavor of Fast-Casual Restaurants
Sit-down, full-service restaurant chains operating in national and Philadelphia commercial real estate markets continue to face pressure from fast-casual competitors,...Continue reading→
May Retail Sales Data Shows Strength in Consumer Spending
May retail sales numbers reported throughout businesses operating in national and Philadelphia commercial real estate markets did not disappoint, suggesting...Continue reading→
Tips for Investors Entering the Cannabis Real Estate Market
With 10 states plus the District of Columbia legalizing cannabis for recreational use and medical marijuana legal in another 23...Continue reading→
