Retail sales will grow this year, but at a slower rate than in 2021
Retail sales in the U.S. are expected to grow between 6% and 8% this year, as Americans shift more of... Continue reading→
Here’s how major companies are approaching the return to office
After two years of uncertainty and false starts, many companies are setting their return plans in motion. From tech giants... Continue reading→
Global Economy Suffering Collateral Damage From Ukraine Invasion
Well before Russia invaded Ukraine, the International Monetary Fund was already forecasting global economic growth to moderate this year, the result... Continue reading→
What Higher Interest Rates and Inflation Mean for Commercial Real Estate
The era of near zero interest rates appears to be nearing an end. Despite emergent geopolitical risks stemming from Russia’s... Continue reading→
Costs to develop, lease industrial keep soaring as demand for warehouses remains historically high
It’s now more expensive than ever to source, build and rent warehouse space — but that hasn’t tempered demand. The... Continue reading→
Economic Momentum Weakens as US Enters the New Year
As the Federal Reserve signals its intention to raise interest rates soon to battle rising inflation, it’s been easy to... Continue reading→
Bank Branch Closings Hit Another Record High
Last year produced another record-high number of bank branch closings with 3,601 locations shutting their doors, according to Federal Deposit... Continue reading→
Why Companies Aren’t Cutting Back on Office Space
In our monthly surveys of 5,000 American workers and 500 U.S. employers, and in our numerous conversations with managers, a huge... Continue reading→
Philadelphia On Track For Record Construction Activity In 2022
This year, Philadelphia is about to say “Yes In My Back Yard” to new development on an unprecedented scale. Over... Continue reading→
Top 10 Tallest Buildings Under Construction In Philadelphia In 2022
Given the number of new permits issued last year, Philadelphia appears on track for a record volume of construction this year.... Continue reading→
Drexel expert forecasts what the Philadelphia-area housing market will look like in 2022
As Greater Philadelphia’s residential real estate market continues to grapple with severely depleted inventory, a Drexel University expert projects buyers... Continue reading→
WCRE FOURTH QUARTER 2021 REPORT
MOMENTUM IN SOUTHERN NEW JERSEY & PHILLY MARKETS STYMIED BY SURGING OMICRON VARIANT Industrial Continues Record-Breaking Run, While Return-to-Office Plans... Continue reading→
CMBS delinquency rate sees uptick for first time since June 2020
For the first time in 18 months, the rate of delinquency among properties that secure debt in commercial-mortgage-backed securities loan... Continue reading→
Announced Store Closings in 2021 Approach an All-Time Low
Despite rising cases of breakthrough coronavirus infections and the resulting uncertainty over the efficacy of current vaccines against variants, the... Continue reading→
The 6 Storylines That Defined 2021 In Philadelphia CRE
Though Philadelphia is finishing 2021 with the pandemic in as serious a state as it was when the year began, the city’s... Continue reading→
Office Occupancy Hits New Pandemic-Era High
Despite the lingering effects of Thanksgiving dinners across the nation, more workers returned to office buildings in the first week of December... Continue reading→
Philadelphia leads all U.S. cities in apartment conversions since the start of 2020
Almost 1,900 apartment units have cropped up out of converted buildings in Philadelphia since the beginning of 2020, the most... Continue reading→
Commercial Real-Estate Sales and Values Surge to Records
Investors purchased a record amount of commercial real estate in the third quarter, defying warnings that the Covid-19 pandemic would... Continue reading→
Zombie Office Buildings on the Rise As Pandemic Endures
In the good times leading up to the first quarter of 2020, the number of office properties written off as... Continue reading→
Commercial Property Prices Rebound Strongly, Led by Hotels
Commercial real estate prices powered higher in the third quarter, led by strong growth in the hospitality sector, as properties... Continue reading→
