Philadelphia commercial real estate
Office Space Near Philadelphia Independence Hall in Great Demand
Could there be signs the Philadelphia Independence Hall office market is heating up? Throughout 2015 and 2017 Independence Hall was an outlier with noticeably higher vacancies than other submarkets in […]
Read More....Landlords Could Seize Opportunity If Papa John’s Shuts Stores
It’s not often that commercial real estate landlords want to lose tenants, but that may be the case with the criticized pizza chain Papa John’s as it faces the prospect […]
Read More....Commercial Real Estate Mortgage Debt Surges to New Record
Mortgage debt underlying offices, apartments, and other non-farm commercial real estate rose the most in any quarter on record to a new high of $3.27 trillion in the second quarter […]
Read More....Big Retailers Shrink Stores to Boost Sales
Plans by fast-food chain Taco Bell to open 300 new small-format restaurants across the country in the next four years are the latest being undertaken by a slew of major […]
Read More....Commercial Construction Spending Headed to Record High
Spending on hotel, office, distribution, and other commercial and public buildings likely will expand for an unprecedented ninth-consecutive year in 2019, according to a consensus forecast by the country’s top […]
Read More....Industrial Real Estate Sales Lead All Property Sectors
Industrial property sales outperformed other major commercial sectors across the country in the second quarter, driven by the popularity of online retailer Amazon and the migration of brick and mortar […]
Read More....Commercial Construction Surges as Demand Counters Higher Labor, Materials Costs
Robust commercial construction is projected to carry through the second half of 2018 and into next year, overcoming a shortage of skilled workers and any effects of tariffs on the […]
Read More....Zeroing in on Center City Philadelphia’s Tightest Office Micro Markets
Market Street West – the portion of Market Street running from City Hall to 21st Street – is seen by most Philadelphia office space brokers and investors as Center City’s […]
Read More....Philadelphia’s Proposed One Percent Tax on New Construction
Is Philadelphia’s proposed one percent tax on new construction a good compromise or a fools bargain? The Philadelphia City Council announced new legislation on April 11, 2018, that includes a new one […]
Read More....Bala Cynwyd Office Market Appears to be on the Rebound
Bala Cynwyd’s office market, while not currently experiencing five percent rent growth, currently is experiencing its highest occupancy rate in 15 years – 92 percent – and has seen gradual […]
Read More....Banks Ease Lending Standards for CRE Loans
For the first time in nearly three years, U.S. banks report they have loosened their lending requirements for some types of commercial real estate loans. The latest Federal Reserve survey […]
Read More....Shopping Center Closures Near 100 Million Square Feet
Retailers are focusing on their top-performing locations and shedding marginal stores with announced closures so far in 2018 totaling nearly 100 million square feet as demand for mall and shopping […]
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