Philadelphia
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 […]
Read More....Retailers Still Opening in Malls Despite Potential Recession
The biggest shopping mall owners in the United States say retailers are still forging ahead with plans to open new stores in spite of growing recession fears and decades-high inflation […]
Read More....WCRE SECOND QUARTER 2022 REPORT
With Omicron In The Rear-View Mirror, Southern New Jersey & Philly Markets Face New Obstacles Uncertainty Returns to Commercial Real Estate in Q2 After a Strong First Quarter Commercial real […]
Read More....Return-to-office is flattening as companies navigate employee pushback, commutes, higher gas prices
Following the Omicron variant peak this past winter, a moment was seized upon by many U.S. companies. After many fits and starts, it was time for their employees to return […]
Read More....REITs likely to see slowdown amid changing economy but positive growth still expected
Revenue growth for U.S. REITs is likely to slow over the next two years because of inflation and rising interest rates, say Standard & Poor’s Financial Services LLC analysts. Michael […]
Read More....How Office Use Is Evolving the Urban Core
The pandemic has catalyzed an undeniable change in office use, but many companies still have questions and uncertainties about how these changes will take shape and how to plan workplace […]
Read More....Office demand in major US markets rises in March but ‘too early to tell’ long-term
At least one tracker of office-market demand in major U.S. markets shows an improvement in March, after five months of stagnation. VTS Inc.’s VTS Office Demand Index, or VODI, grew […]
Read More....WCRE FIRST QUARTER 2022 REPORT
After a Pause, Southern New Jersey & Philly Markets Appear to have Overcome Omicron Commercial real estate brokerage WCRE reported in its analysis of the first quarter that the post-pandemic […]
Read More....Backed by private equity, car wash operators scour Philadelphia market for locations
Scott Caplan turned his sights on the car wash business six years ago, raising a total of $11 millionin two investment rounds that has helped fund the rapid expansion of EverWash with […]
Read More....Target Rolls Out Its First Net-Zero Energy Store
Rooftop solar panels are old news, but solar panels in the parking lot have one of the most ubiquitous big-box retailers thinking net-zero. Target Corp. has retrofitted a store in Vista, California, […]
Read More....Retail sales will grow this year, but at a slower rate than in 2021
Retail sales in the U.S. are expected to grow between 6% and 8% this year, as Americans shift more of their spending to restaurants and trips and cope with sticker […]
Read More....What Higher Interest Rates and Inflation Mean for Commercial Real Estate
The era of near zero interest rates appears to be nearing an end. Despite emergent geopolitical risks stemming from Russia’s invasion of Ukraine, mounting inflation now has the Fed’s full […]
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