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Regional Commercial Real Estate Trends

WCRE FOURTH QUARTER 2021 REPORT

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...
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CMBS delinquency rate sees uptick for first time since June 2020

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...
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Announced Store Closings in 2021 Approach an All-Time Low

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...
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The 6 Storylines That Defined 2021 In Philadelphia CRE

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...
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Office Occupancy Hits New Pandemic-Era High

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...
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Philadelphia leads all U.S. cities in apartment conversions since the start of 2020

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...
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Commercial Real-Estate Sales and Values Surge to Records

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...
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Zombie Office Buildings on the Rise As Pandemic Endures

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...
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Commercial Property Prices Rebound Strongly, Led by Hotels

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...
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Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage

Amazon on Track To Double Industrial Footprint Despite Mounting Labor Shortage

Amazon, the world's largest online retailer, is on track to double its network of distribution centers, fulfillment sites and sorting...
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Electric-vehicle manufacturing may rev up already busy industrial market

Electric-vehicle manufacturing may rev up already busy industrial market

Some of the most high-profile warehouse — and economic development — deals in the U.S. today are in the electric...
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ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year

ICSC Sees Holiday Retail Spending Rising Nearly 9% This Year

A major trade group for the U.S. retail real estate industry is projecting a roughly 9% rise in holiday spending...
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WCRE THIRD QUARTER 2021 REPORT

WCRE THIRD QUARTER 2021 REPORT

SOUTHERN NEW JERSEY & PHILLY MARKETS’ ANTICIPATED COMEBACK DELAYED BY DELTA VARIANT Investment Activity & Large Transactions Regained Steam, While...
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Peloton’s Pandemic Expansion Leads to One of the Year’s Biggest US Industrial Lease Deals

Peloton’s Pandemic Expansion Leads to One of the Year’s Biggest US Industrial Lease Deals

Peloton is cranking up its pandemic property expansion as the producer of at-home exercise equipment and classes, signing one of...
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Resilient Consumers Keep Spending

Resilient Consumers Keep Spending

Rising COVID cases stemming from the virulent delta variant have driven governments and businesses to reimpose social distancing measures and...
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Real estate interest in farmland is sprouting, as land values are up 7% nationally year over year

Real estate interest in farmland is sprouting, as land values are up 7% nationally year over year

Soaring land values, inflation concerns and a desire among real estate investors to diversify their portfolios is prompting new interest...
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Cooling Off as the Delta Variant Strikes

Cooling Off as the Delta Variant Strikes

Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior,...
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WCRE SECOND QUARTER 2021 REPORT

WCRE SECOND QUARTER 2021 REPORT

WCRE SECOND QUARTER 2021 REPORT: SOUTHERN NEW JERSEY & PHILLY MARKETS FOCUS ON LIGHT AT THE END OF THE TUNNEL...
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Many employees want to work remotely forever. Some business owners will fire those who try.

Many employees want to work remotely forever. Some business owners will fire those who try.

Many small business owners want their employees to return to the office full-time as the pandemic wanes — and 39%...
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Cannabis Sales Go Suburban as Large, Open Air Shopping Centers Become Fertile Retail Ground

Cannabis Sales Go Suburban as Large, Open Air Shopping Centers Become Fertile Retail Ground

A Grupo Flor store that just opened in Union City, California, is billed as the nation's first cannabis business in a type...
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The Future of Office Work has Arrived

The Future of Office Work has Arrived

Effective 6 AM on June 4, 2021, employers had the green light to require their employees to return to the...
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Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives

Residential Developers Get Go-Ahead To Apply for New Jersey Tax Incentives

After a two-year halt, residential real estate developers in New Jersey can now apply for state tax incentives from $50...
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Sheetz Becomes First Convenience Store Chain to Accept Cryptocurrency

Sheetz Becomes First Convenience Store Chain to Accept Cryptocurrency

Sheetz, the Pennsylvania-based convenience store chain, has announced it will enable digital currency payments to provide customers with the ability...
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Petco To Buy Full Veterinary Practices to Boost In-Store Hospital Business in Industry Property Shift

Petco To Buy Full Veterinary Practices to Boost In-Store Hospital Business in Industry Property Shift

Petco now plans to acquire full veterinary practices with established customers and relocate them into its stores as the nation’s...
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