Regional Commercial Real Estate Trends

Target To Accelerate Real Estate Expansion Plans Amid Sales Growth

Target Corp. said it is planning to keep its strong sales momentum going by upping the ante on building out...

The Path to Recovery for Hotels Is Paved With Luxury

In the first quarter of 2021, luxury chain-affiliated hotels in the U.S. reported average daily rate growth of 3.4% compared...

New York, New Jersey Marijuana Legalization May Spark Flurry of Commercial Real Estate Activity

New York and New Jersey passed laws legalizing recreational marijuana roughly within a month of each other this year, moves...

Covid-19 is affecting CRE lease negotiations. Here’s what experts are seeing.

How will Covid-19 affect the future of commercial real estate? It’s a multibillion-dollar question that’s been debated since the start...

THE $5 BILLION DECADE: Even through the pandemic, University City remains a hotbed of development.

Throughout the pandemic, real estate development has ramped up in University City where in excess of $5 billion has been...

Brandywine Expects Return-to-Office Recovery To Take At Least Three Quarters

Brandywine Realty Trust is seeing a big comeback in leasing activity as more tenants contemplate returning to the office, but...

Retail Sales Explode in March as Consumers Use Stimulus Checks to Spend Heavily

A fresh batch of stimulus checks sent consumer purchases surging in March as the U.S. economy continued to get juice...

Nearly 10,000 Apartments Under Construction in Philadelphia, With More on the Way

The Durst Organization's proposed 26-story, 360-unit apartment project along the Delaware River is among a series of multifamily developments going...

Recovery in the Big Markets Is Catching Up With the Small

The U.S. has maintained a 2.5 million vaccine dose per day average for the past two weeks, and the benefits...

Pandemic Prompts McDonald’s to Close 325 Restaurants in Walmart Stores

McDonald’s Corp. plans to close about 325 restaurants in Walmart stores as it shifts spending to new openings and renovations...

Consumers Spent $900 Billion More Online in 2020. Here’s Who Will Keep the Biggest Gains

Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according...

Retail Rent Collections Climb to 90% for the First Time in a Year

Retail rent collections are steadily improving. In February, rent collections surpassed 90% among national retailers for the first time since...

Inflation Seen As Low Risk for Commercial Real Estate Investors

As the third COVID-19 relief bill made its way through Congress, a new concern dominated conversations among economists: inflation. Massive...

13M Square Feet and Growing: Mapping Amazon’s Rapidly Expanding Real Estate Footprint Across the Philadelphia Region

From Northeast Philadelphia to King of Prussia, Amazon.com Inc.’s real estate footprint continues to grow throughout the tri-state area and...

Office Sublet Space May Pose More of a Competitive Threat Than Initially Thought

Office sublet space may pose more of a competitive threat than initial estimates indicated. Initially, it looked to some that,...

Empty Office Buildings Squeeze City Budgets as Property Values Fall

WASHINGTON — At a meeting with Treasury Secretary Janet Yellen last month, Jeff Williams, the mayor of Arlington, Texas, laid...

As Store Owners Sign More Short-Term Leases, Landlords are Taking a Risky Bet on the Future of Retail

Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few...

Amazon is Now America’s Most Popular Grocery Store as Online Food Shopping Soars

As the coronavirus pandemic has led to a surge in online orders, Amazon is now the country’s most popular grocery store, according...

A Weed Legalization Bill Inches Closer to Approval in N.J. After a Long Wait

New Jersey voters approved a measure in November to legalize recreational marijuana. More than three months later, Gov. Phil Murphy still hasn’t signed a...

Retail Vacancies Spike in South Jersey as Prospective Tenants Remain Skittish on New Leases

Retail vacancies are rising across South Jersey as ripple effects of Covid-19 continue to grow nearly a year after the...

Exeter Property Group to be Acquired by EQT AB in $1.9B Deal

Exeter Property Group, a global industrial property behemoth started by Ward Fitzgerald in 2006, has entered into a deal to be acquired...

Brandywine CEO Jerry Sweeney Sees Signs of a Big Year for Owners of High-End Commercial Real Estate

Covid-19 sent shockwaves through the commercial real estate market in 2020. Jerry Sweeney now sees opportunity. "I think everybody who's in our...

Developers Want Malls to Become Warehouses or Offices. It Is a Slog.

Potential land mines await those seeking to raze and redevelop a space that spans dozens of football fields Many developers...

Air Cargo Construction is Booming, Thanks to Amazon

Since the pandemic started nearly a year ago, 15,000 fewer people arrive and depart daily from the Cincinnati/Northern Kentucky International...

Visit These Other WCRE Blog Sites