commercial real estate market
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 Airport, known as CVG. Yet the 60% drop in passenger […]
Read More....Governor Murphy Signs the NJ Economic Recovery Act of 2020
Effective today, January 7, 2020, Governor Phil Murphy signed the NJ Economic Recovery Act of 2020. The NJERA bill creates a 7-year, $14 Billion Dollar bundle of tax incentives geared […]
Read More....Eight Ways the Pandemic Changed Commercial Real Estate
The coronavirus pandemic has forced the commercial real estate market into a series of seismic shifts, accelerating some trends and bringing others to a complete halt. It wasn’t so long […]
Read More....Scranton’s Industrial Market Holds on Strong Through 2020
With just a few weeks left in the year, it appears increasingly likely that Scranton will be crowned the 2020 Queen of Pennsylvania logistics. Her ascension to the throne is somewhat surprising. […]
Read More....Murphy USA’s $645 Million QuickChek Deal Shows Growing Convenience Store Demand
The purchase of QuickChek, a family-owned regional chain with stores in New Jersey and New York, for $645 million by Southern-based gas-and-convenience-store giant Murphy USA spotlights how demand is rising […]
Read More....More Positive Developments in Allentown’s Neighborhood Improvement Zone
It was a busy week for the commercial property market in downtown Allentown, Pennsylvania. For those tracking the growth and development occurring within the unique tax-incentive program contained entirely within Pennsylvania’s third […]
Read More....Gap Inc. to Close 350 Stores by 2023 as Clothing Retailer Retools Real Estate Footprint
Iconic retailer Gap Inc. said it would close 350 stores by 2023 across its namesake and Banana Republic brands, a decision that is expected to reduce its mall-based locations by an estimated […]
Read More....Despite Bleak Near-Term Outlook, Philadelphia Economy Should Survive Coronavirus
The coronavirus spread has reintroduced factors absent from in the national and Philadelphia commercial real estate markets economy for almost a decade: widespread fear and uncertainty. As we are early […]
Read More....U.S. Economy Records Another Month of Job Growth
For the second month in a row, U.S. firms active in the national and Philadelphia commercial real estate markets blasted past hiring expectations, adding 273,000 net new jobs in February […]
Read More....Grocers, Gyms, Discount Apparel Keeping Philly Retail Space Market Afloat
Store closures reached a record-high nationally in 2019, and the Philadelphia commercial real estate market was not spared from the fallout. Sears and Kmart alone shuttered eight stores in the […]
Read More....Retail Pop-Ups Evolve as Landlords Seek Fresh Appeal
The bright neon sign declares “You are magic!” as a room fills with a rainbow of lights activated by a couple, Jaime Martinez and Cristina Cave, clasping hands while touching […]
Read More....New Census Figures Show Rise in College Educated Renters in Philly
Just before the start of 2020, the U.S. Census Bureau released a treasure trove of its most recent demographic data from 2018. While the census’ data releases are slightly dated, […]
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