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→
Assessing Philadelphia’s Office Market Against Other Major US Cities
Amidst a national trend of companies downsizing office spaces over three years, the Philadelphia metropolitan area stands out for its... Continue reading→
Retailers Continue Favoring Small Store Sizes
The retail landscape continues its profound, enduring transformation in response to evolving consumer behavior. This shift encompasses not only the... Continue reading→
Factors Fueling the Resurgence of Downtowns in the US
After facing challenges in the aftermath of the Covid-19 pandemic, downtowns throughout the United States are now showing signs of... Continue reading→
The percentage of individuals working from home has decreased to its lowest point since the pandemic
Less than 26% of U.S. households currently have individuals working remotely for at least one day a week, marking a... Continue reading→
WCRE THIRD QUARTER 2023 REPORT
Southern New Jersey & Philly Markets Take a Hit, as the Broader Economy Endures Economic Growth Remains Robust, but Rising... Continue reading→
