Philadelphia
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 […]
Read More....Costs to develop, lease industrial keep soaring as demand for warehouses remains historically high
It’s now more expensive than ever to source, build and rent warehouse space — but that hasn’t tempered demand. The market has reached a point where industrial landlords are sometimes […]
Read More....Economic Momentum Weakens as US Enters the New Year
As the Federal Reserve signals its intention to raise interest rates soon to battle rising inflation, it’s been easy to overlook how well the economy performed over the past year […]
Read More....Bank Branch Closings Hit Another Record High
Last year produced another record-high number of bank branch closings with 3,601 locations shutting their doors, according to Federal Deposit Insurance Corp. data. The trimming of bank branches has been […]
Read More....Why Companies Aren’t Cutting Back on Office Space
In our monthly surveys of 5,000 American workers and 500 U.S. employers, and in our numerous conversations with managers, a huge shift to hybrid work is abundantly clear for office and […]
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