Posts Tagged: Philadelphia commercial properties

Shopping Center Demand Falls to Six-Year Low

Demand for mall and shopping center space by retailers fell to its lowest level in six years in the first quarter of 2018 as retailers continued to focus on their top-performing locations and shed marginal stores, with announced store closures totaling nearly 100 million square feet so far this year alone. The balancing act was… Read more »

Nine West Closures Will Stagger, Not Knock Out, CRE Outlet Market

The recent Chapter 11 bankruptcy reorganization filing of shoe and apparel wholesaler Nine West Holdings Inc. focused the retail spotlight on the outlet center segment of the commercial real estate industry. Despite the bad news for the U.S. commercial real estate market – including Philly retail space – that Nine West is closing all 70… Read more »

Shopping Centers Expect to See Performance Boost from Closing Weaker Stores

The U.S. retail vacancy rate increased by 10 basis points for the second-straight quarter to hit 5.2 percent in the third quarter of 2017 as retail leasing and net absorption slowed despite continuing improvement in the broader economy and growing consumer spending power, according to CoStar analysts. A slowdown in third-quarter leasing performance for the… Read more »

Changing Trends, Preferences, Finances Cloud Center City Retail Picture

Empty storefronts are starting to proliferate Center City streets in the Philadelphia retail real estate market, possibly presaging the end of a five-year-old resurgence that peaked last summer with record rents along the core Rittenhouse shopping district streets of Walnut and Chestnut. Area commercial real estate experts blame a supply glut, the closing of national… Read more »

U.S., Philadelphia Shopping Center Owners Looking to Recapture Store Spaces

About 37,000 retailers, retail brokers, investors and other retail professionals doing business in U.S. and Philadelphia retail real estate markets gathered in Las Vegas recently amid a tangible sense of frustration during RECon, the industry’s largest trade convention. That vexation was not as much about the retail commercial real estate market – including Philly retail… Read more »

Prime Philadelphia Retail Space for Lease on Spring Garden Street

Wolf Commercial Real Estate, a premier Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings and services, now has available well-located Philadelphia retail space for lease at 1004-1026 Spring Garden Street Philadelphia. There are 9,020 square feet of contiguous prime retail space in Philadelphia currently available at 1004-1026 Spring Garden Street… Read more »

Philly Retail Space Update: Market East Transformation Underway

Philadelphia’s East Market Street has been a commerce and transportation hub since the time of 19th-century slaughterhouses and horse-drawn trolleys.  This strip of retail space in Philadelphia has certainly experienced both good times and bad.  Even with the 1977 opening of the Gallery, the consolidation and downfall of Philadelphia’s grand department stores resulted in an… Read more »

Local Market Remains Steady despite National Economic Volatility

While the national economy was affected by turmoil in the global markets, the Philadelphia commercial real estate market continued its progress for another quarter, according to the latest quarterly analysis from Wolf Commercial Real Estate, a premier Philadelphia commercial real estate broker that specializes in Philly commercial real estate listings and services, including Philly retail… Read more »