Newer retail properties built since 2010 continue to show strong performance across the Philadelphia region. Occupancy rates increase each quarter, even as overall consumer demand slows. Meanwhile, retailers consistently favor modern, high-quality space. In contrast, older retail buildings struggle to retain tenants when market conditions soften. Although consumer spending has cooled in recent years, demand… Read more »
Posts Tagged: Retailers
After foreclosure, Montgomery Mall put up for sale
The Montgomery Mall, foreclosed upon and in receivership, has been put up for sale. The mall could sell for an estimated $50 million, according to various sources, which is a fraction of the $118 million judgment lodged against the property as a result of a loan default. The estimate is a reflection of an August 2020… Read more »



