Nationally ostracized Papa John’s has become such a commercial real estate pariah that it seems landlords wouldn’t mind losing the pizza chain as the company faces the prospect of closing 250 restaurants across the country. Landlords across the U.S. commercial real estate market, including Philly retail space, are concerned the chain’s highly publicized missteps by… Read more »
Posts Tagged: Philadelphia commercial real estate broker
Retail Incubator Firms Help to Fill Space in Vacant Malls
Mall operators are taking a page from the playbook of their office counterparts and setting up retail incubators in some of the space left vacant by departed department and apparel store retailers. Offering retail and technology startups a shared space to test their concepts in the U.S. commercial real estate market, including Philly retail space,… Read more »
Philly Retail Space
Wolf Commercial Real Estate is a premier Philadelphia commercial real estate broker that represents Philly retail space for lease and sale. We are experts in the Philadelphia retail space market, with a team of seasoned and knowledgeable real estate advisors ready to help you achieve your real estate goals. At Wolf Commercial Real Estate, we… Read more »
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 »
Markets for U.S. and Philly Retail Space Look Toward Strong Rent Growth in 2016
The retail sector’s national vacancy rate dropped to 5.9% in the final quarter of 2015 on the heels of posting a strong 20 million square feet of net absorption, according to a new retail real estate report from the CoStar Group. This scenario bodes well for rent growth in the year ahead in an increasing… Read more »
