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 »
Posts Categorized: Philadelphia retail space
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 »
