Philadelphia commercial real estate
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 look at failing malls and envision modern office campuses, bustling […]
Read More....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....Apartment Rents, Occupancies Stabilizing in Center City Philadelphia
Philadelphia proved to be one of the most stable major apartment markets in the U.S. during 2020, with rents in many of its suburban submarkets ending the year up more than […]
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....The CARES Act and Commercial Real Estate
Signed into law by President Trump last Friday, the CARES Act is designed to provide assistance to American workers, families, businesses, municipalities and health care systems through an over $2 […]
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 […]
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