economic
Expanding Retailers Actively Seek New Locations
Retailers overcame various economic challenges and signed leases for over 52 million square feet in the second quarter, marking a more than 10% increase from the average of the past […]
Read More....Powell Suggests Fed Might Cut Rates Before Inflation Hits 2%
Federal Reserve Chair Jerome Powell stated on Monday that the central bank will not wait until inflation reaches 2% to cut interest rates. Speaking at the Economic Club of Washington […]
Read More....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 seen declining sales. A wait-and-see approach permeates today’s market as […]
Read More....What Geographic Increases in Remote Work from Census Survey May Mean for Office Markets
The U.S. Census Bureau released data from its 2021 American Community Survey earlier this month, including metrics that show how much work-from-home has increased since the Covid-19 pandemic. It found, […]
Read More....Center City is Seeing More Foot Traffic and Spending, but Also More Office Vacancies
More people were visiting, living and spending in Center City Philadelphia this summer than they have since the start of the pandemic, but the city’s economic recovery is still a […]
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