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 »
Posts Tagged: commercial real estate market
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 »
