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 »
Posts Tagged: retail space in Philly
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 »
