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→
Mall Outlook Darkens as Online Sales Surge
A couple of the more than 2,200 numbers buried deep in this month’s Census Bureau report on retail sales in...Continue reading→
Baby Boomers, Retailers Could Change Commercial Lending
Some of the industry’s top commercial real estate mortgage bankers expect business to stay just as strong in the national...Continue reading→
Analysts See Strong Warehouse Demand Despite Varied Concerns
Leasing and sales of distribution centers and other industrial properties reached records across the country last year, signaling strengthening demand...Continue reading→
Rising Interest Rates Change the Makeup of Securitized Loans
Headwinds from rising interest rates and investor caution as U.S. economic growth approaches a record stretch are likely to lead...Continue reading→
WCRE 2018 FOURTH QUARTER REPORT
MODERATE GROWTH CONTINUES IN SOUTHERN NEW JERSEY & PHILLY CRE MARKETS Another Solid Quarterly Performance Amid Political and Financial Uncertainty...Continue reading→
Philadelphia Employers, Economy Positioned for Growth In 2019
With trade tensions escalating and interest rates in the national and Philadelphia commercial real estate market on an upward path,...Continue reading→
Life in the Fast-Food Lane: Restaurants Add Drive-Thrus Across the Country
Jack in the Box Chief Executive Leonard Comma knows his fast-food chain’s sales are dependent on drive-thru lanes. That’s why...Continue reading→
Opportunity Zone Property Sales Up 8 Percent Over Last Year
Investors pumped $2.6 billion more into properties covered by the federal Opportunity Zone tax incentive initiative — an 8 percent...Continue reading→
Bank Branch Closings Accelerate as Consolidations Continue to Rise
Banks are closing more branches at a faster pace as clients choose technology over tellers, with the outlets shut in...Continue reading→
Office Space Near Philadelphia Independence Hall in Great Demand
Could there be signs the Philadelphia Independence Hall office market is heating up? Throughout 2015 and 2017 Independence Hall was...Continue reading→
Landlords Could Seize Opportunity If Papa John’s Shuts Stores
It’s not often that commercial real estate landlords want to lose tenants, but that may be the case with the...Continue reading→
Commercial Real Estate Mortgage Debt Surges to New Record
Mortgage debt underlying offices, apartments, and other non-farm commercial real estate rose the most in any quarter on record to...Continue reading→
New Jersey Bill Aims to Help Vacant Malls, Office Parks
New Jersey lawmakers are making a new legislative push to help rid the state of its vacant and half-empty malls...Continue reading→
Big Retailers Shrink Stores to Boost Sales
Plans by fast-food chain Taco Bell to open 300 new small-format restaurants across the country in the next four years...Continue reading→
How to Fill Empty Mall Space? Incubate Your Own Tenants
Mall operators are taking a page from the playbook of their office counterparts and setting up retail incubators in some...Continue reading→
Commercial Construction Spending Headed to Record High
Spending on hotel, office, distribution, and other commercial and public buildings likely will expand for an unprecedented ninth-consecutive year in...Continue reading→
