economic

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 […]

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, […]

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 […]