The familiar design of lifestyle centers and traditional malls is being rethought as commercial real estate developers look to attract tech-savvy millennials and affluent baby boomers by introducing office space and residential living space to retail centers, including Philly retail space. A report from the CoStar Group notes that mall and lifestyle center developers are… Read more »
Posts Tagged: Philly retail space
Report: Every Sector of Philadelphia Retail Space Development at Its Peak
Retail space in Philadelphia is springing up with many major real estate developments, and Center City is undeniably at its center. For a couple of years, the city has been observing the development of level it hasn’t seen since the construction of Liberty Place towers during the late 1980s. And the same trend will continue… Read more »
Philly Retail Space Update: The Struggle for Balance between Online and New Store Growth
Retailers, including those in the Philly retail space market, are struggling to develop a strategy for future sales growth that balances online expansion and opening new stores, according to new retail analysis. BDO USA’s ninth annual analysis of risk factors noted by the 100 largest U.S. retailers in their most recent annual reports found that… Read more »
Philly Retail Space Vacancy Rate Unchanged In First Quarter
Vacancies in the market for Philly retail space held fairly steady in the first quarter 2015, according to the latest market analysis from the CoStar Group. The market experienced little change as the vacancy rate for retail space in Philadelphia went from 5.8% in the fourth quarter 2014 to 6.0% in the first quarter of… Read more »
First Quarter Report: Strong Start for South Jersey Commercial Real Estate
Propelled by fourth quarter 2014’s growing momentum, the South Jersey commercial real estate market kicked off the year on a robust note, according to a new quarterly market report from Wolf Commercial Real Estate, a leading Philly commercial real estate brokerage firm with expertise in South Jersey and Philadelphia commercial real estate listings and services,… Read more »
Philadelphia Retail Real Estate Market Continues Growth in Fourth Quarter
Nearly 34,000 square feet of Philadelphia retail real estate were added to the Philadelphia retail space market during the final quarter of 2014 as six Philadelphia retail properties came onto the market, according to the latest report from The CoStar Group. The research company also looked at retail space in Philadelphia in the previous four… Read more »
Philadelphia Retail Space Vacancy Rate Holds Steady at Year End
Philadelphia retail space vacancies were virtually unchanged in the fourth quarter 2014, according to new market analysis from the CoStar Group. The vacancy rate for Philly retail space stood at 5.9% at quarter’s end, only slightly higher than the third quart’s 5.8% vacancy rate for retail space in Philadelphia, according to CoStar’s Fourth Quarter 2014… Read more »
Young Consumers Propel Vibrant, Downtown Philadelphia Retail Space Market
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 »
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 »
