Philadelphia
Philadelphia Retail Space Hits Multi-Decade Low Amid Strong Demand
Available retail space across Philadelphia remains near a multi-decade low after several years of strong demand. At the end of 2025, the market reported just 17.6 million square feet of […]
Read More....Philadelphia Office Market Shows Direction in 2025
The future of Philadelphia’s office market began to take shape in 2025. During the year, top-quality office buildings recorded strong performance. Occupancy levels above 90% were achieved. At the same […]
Read More....Philly is Best Place to Visit Per Wall Street Journal
Although New Year’s Day is still weeks away, momentum is already building for Philadelphia in 2026. Recently, The Wall Street Journal named Philadelphia the world’s top place to visit in […]
Read More....Philadelphia-Area Nonprofits Change Real Estate Strategies
Recently, several Philadelphia nonprofits updated their real estate footprints. They adjusted operations and made strategic buy-and-sell decisions. To start, Montgomery County SPCA bought land for a new headquarters. Then Easterseals […]
Read More....Philly Retail Slows in City Harder Than Suburbs
Retail rent growth in the Philadelphia region has cooled in recent quarters, reflecting a nationwide slowdown and the impact of widespread store closures from major retailers including Rite Aid, Party […]
Read More....Aging Inventory Slows Retail Rent Growth in Philadelphia
Philadelphia’s retail sector continues to lag behind other major U.S. markets when it comes to rent growth. In the third quarter, the region placed 13th out of the top 15 […]
Read More....Philly Metro Job Market Surges in May, Led by Health and Education Sectors
The Philadelphia-Camden-Wilmington metro area experienced notable job growth in May 2025, with preliminary data from the Bureau of Labor Statistics reporting a total of 3,154,100 nonfarm jobs—an increase of 15,800 […]
Read More....Philadelphia’s Population Surged in 2024
Between 2019 and 2024, the Philadelphia metro area added an estimated 88,100 residents—its strongest five-year growth in decades. Remarkably, over half of that growth occurred in 2024 alone, signaling a […]
Read More....Philly Leads Nation’s Office Recovery
Philadelphia stands out as the most stable office market among the 15 largest U.S. markets heading into spring, with a year of occupancy gains bringing its office availability rate to […]
Read More....Developers Say New Tariffs Will Halt Real Estate Projects
The construction industry is bracing for the impact of the Trump administration’s expanding tariffs, with rising costs all but certain, according to Skanska USA’s winter construction market report. On Wednesday, […]
Read More....Federal Cutbacks Threaten Philly’s Office Market, WCRE’s Todd Monahan Weighs In
WCRE’s Managing Director, Todd Monahan, was recently quoted discussing the potential impact of federal cost-cutting measures on Philadelphia’s office market. As the Trump administration looks to reduce government spending, one […]
Read More....Can ‘Experiences’ Save Philadelphia-Area Malls
Greater Philadelphia has seen a surge in experiential retailers as consumers seek more interactive shopping options. Experts believe these immersive concepts are crucial for the survival of malls. While not […]
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