Millennials, young families, office workers and tourists are behind the increasingly vibrant Center City Philadelphia retail scene, propelling local and national retailers to take a greater interest in the Philadelphia retail space market, a new report says. The demand and buying power of this young clientele has brought a diverse group of retailers to the… Read more »
Posts Categorized: Philadelphia retail space
Third Quarter Philly Retail Space Deliveries, Construction and Inventory
Philly retail space increased in the third quarter 2014 with the completion of five new Philadelphia retail buildings, which added 80,793 square feet to the market for retail space in Philadelphia, according to a new market trend report from the CoStar Group. Over the past four quarters, retail space in Philly grew by 842,776 square… Read more »
Philly Retail Space Vacancy Rate Stable in Third Quarter
The vacancy rate for Philly retail space remained stable in the third quarter 2014, a new market report from the CoStar Group says. The Philadelphia retail space vacancy rate stood at 5.9% at the end of the third quarter — the same rate for retail space in Philly at the end of the second quarter… Read more »
Philadelphia Retail Space Deliveries, Construction And Inventory
Philadelphia retail space expanded by 66,506 square feet in the second quarter 2014 with the completion of eight Philadelphia retail buildings in the Philly retail space market, a new market trend report from the CoStar Group says. In the past four quarters, total retail space in Philadelphia has grown by 1,197,460 square feet, according to… Read more »
Philadelphia Retail Space Vacancy Rate Near Steady
The Philadelphia retail space vacancy rate changed only slightly in the second quarter 2014, ending the quarter with a 5.9% vacancy rate for retail space in Philly, a new market report from the CoStar Group says. The Philly retail space vacancy rate was at 6.0% at the end of the first quarter, CoStar reported. Net… Read more »
Philly Retail Space Vacancy Rate Drops
Market conditions improved slightly in the Philly retail space market in the first quarter 2014 as the vacancy rate for retail space in Philadelphia dropped to 6.0%, according to the latest market report from the CoStar Group. The vacancy rate for retail space in Philly had been 6.2% in the fourth quarter 2013, CoStar reported. … Read more »
Top Lease Signings for Philly Retail Space
The select top lease signed in the fourth quarter 2013 in the Philly retail space market was for Wishing Well Plaza in the North Burlington County submarket, where ShopRite leased 90,000 square feet, according to a market trend report from the CoStar Group. Fameco Real Estate represented the landlord for this significant deal in the… Read more »
Philly Retail Space Deliveries, Construction and Inventory
Philly retail space grew by 252,369 square feet in the fourth quarter 2013 as 15 Philadelphia retail buildings were completed, according to a market trend report from the CoStar Group. That increase brings the total retail space in Philly completed over the past four quarters to 1,008,403 square feet, according to CoStar’s Fourth Quarter 2013… Read more »
Philly Retail Space Vacancy Rate Stable
The Philly retail space vacancy rate remained stable at 6.3% in the fourth quarter 2013 with little change in market conditions, according to a new market trend report from the CoStar Group. The vacancy rate for retail space in Philadelphia was unchanged over the previous quarter, CoStar said. Net absorption totaled a positive 616,052 square… Read more »
Fourth Quarter Report: Strong South Jersey Commercial Real Estate Market Predicted for 2014
The South Jersey commercial real estate market experienced an overall strong year in 2013 despite moderation in leasing activity in the fourth quarter, an achievement that positions the market segment for an even stronger 2014, according to a new quarterly market analysis from Wolf Commercial Real Estate, a premier Philadelphia commercial real estate broker that… Read more »
