Philadelphia
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 […]
Read More....Philadelphia On Track For Record Construction Activity In 2022
This year, Philadelphia is about to say “Yes In My Back Yard” to new development on an unprecedented scale. Over the course of last year, the Department of Licenses and […]
Read More....Top 10 Tallest Buildings Under Construction In Philadelphia In 2022
Given the number of new permits issued last year, Philadelphia appears on track for a record volume of construction this year. The majority of such construction is of the low- and […]
Read More....Drexel expert forecasts what the Philadelphia-area housing market will look like in 2022
As Greater Philadelphia’s residential real estate market continues to grapple with severely depleted inventory, a Drexel University expert projects buyers can expect much of the same from the local housing […]
Read More....CMBS delinquency rate sees uptick for first time since June 2020
For the first time in 18 months, the rate of delinquency among properties that secure debt in commercial-mortgage-backed securities loan portfolios saw an uptick in December 2021. That’s according to […]
Read More....The 6 Storylines That Defined 2021 In Philadelphia CRE
Though Philadelphia is finishing 2021 with the pandemic in as serious a state as it was when the year began, the city’s commercial real estate industry experienced a year of progress in […]
Read More....Office Occupancy Hits New Pandemic-Era High
Despite the lingering effects of Thanksgiving dinners across the nation, more workers returned to office buildings in the first week of December than at any point in the last 18 months. Average […]
Read More....Philadelphia leads all U.S. cities in apartment conversions since the start of 2020
Almost 1,900 apartment units have cropped up out of converted buildings in Philadelphia since the beginning of 2020, the most of any city in the country. Hotels, schools, factories and […]
Read More....Electric-vehicle manufacturing may rev up already busy industrial market
Some of the most high-profile warehouse — and economic development — deals in the U.S. today are in the electric vehicle space. Whether it’s Tesla Inc.’s (NASDAQ: TSLA) 4-million-square-foot manufacturing […]
Read More....WCRE THIRD QUARTER 2021 REPORT
SOUTHERN NEW JERSEY & PHILLY MARKETS’ ANTICIPATED COMEBACK DELAYED BY DELTA VARIANT Investment Activity & Large Transactions Regained Steam, While Industrial Continued To Lead The Way Commercial real estate brokerage […]
Read More....Cooling Off as the Delta Variant Strikes
Signs are mounting that economic conditions are softening, putting economic growth at risk of moderation. Several reports measuring consumer behavior, business activity, and the housing market released last week showed […]
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