retail
Three Key Business Types Largely Driving Retail Demand Resurgence
Despite headlines focusing on recent store closures, the overall U.S. retail sector has experienced a resurgence over the past couple of years. Vacancy rates have declined, and rents have risen […]
Read More....Manhattan Office Tower with Saks Flagship Eyes Residential Conversion
The owner of a building adjacent to New York’s iconic Saks Fifth Avenue flagship store seeks a permit to convert its office space to residential units. The 38-story building, located […]
Read More....Center City’s Outdoor Dining Now Surpasses Pre-Pandemic Levels
The latest State of Center City report unveils positive trends for the district, encompassing key landmarks such as City Hall, the Pennsylvania Convention Center, and the Ensemble Arts campus. Retail […]
Read More....Price Gaps Worsening
Surprise fees persist, sneaking onto bills from concerts to dining outings. Retail analysts note a trend of companies unbundling costs, such as adding a credit card swipe fee or extra […]
Read More....Under a New New York Budget Agreement, Unlicensed Cannabis Shops Will Face Closure
New York State is taking a firm stance against retailers and landlords disregarding cannabis regulations. Despite delays in permit issuance resulting in a surge of unlicensed weed shops, Governor Kathy […]
Read More....Philadelphia’s Retail Sector is the Sole Property Type Experiencing a Reduction in Vacancy
Between the first quarters of 2020 and 2024, the Philadelphia commercial real estate market exhibited diverse trends in its major sectors—retail, industrial, multifamily, and office. Retail defied expectations, experiencing consistent […]
Read More....Rising Retail Capitalization Rates Amid Sustained Consumer Demand
After a period of price discovery, the Philadelphia region is adjusting to a new valuation standard for commercial real estate assets. Recent transactions indicate that the higher interest rates of […]
Read More....New York Metro: 2023 Year in Review
As we reflect on the New York Metro’s 2023 journey in both retail and office sectors, it’s clear that challenges persist but so do opportunities. While the office market declined […]
Read More....Rising Interest Rates Pose Challenges for Retail Transactions, Potentially Impacting Cap Rates
Compared to other property segments, the retail sector has seen modest declines in prices. Surprisingly, retail’s historically low vacancy rates and minimal new constructions over the past decade have challenged […]
Read More....Retailers Say More Store Openings Than Closings in 2023
On December 19, 2023, at 1:34 P.M., the retail landscape experienced a notable shift after a two-year period of relative calm on the bankruptcy front. In 2023, the industry was […]
Read More....Retailers Continue Favoring Small Store Sizes
The retail landscape continues its profound, enduring transformation in response to evolving consumer behavior. This shift encompasses not only the evolving roster of tenants leasing retail space but also the […]
Read More....62 Bed Bath & Beyond leases will help retailer with new store goals
Burlington is also in the midst of rolling out its smaller store prototype, which the South Jersey retail expects to boost sales productivity and operating margins. *Article courtesy of Philadelphia […]
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