🎙️ City of Brotherly Builds Pod #10

Episode Description

Your Weekly AI-Hosted Philadelphia Commercial Real Estate News & Analysis

Welcome to Episode #10 of the City of Brotherly Builds Pod! Join hosts Alex and Ben as they dive deep into the latest commercial real estate developments across Greater Philadelphia, South Jersey, and Wilmington, Delaware.

🏢 This Week's Headlines:

Philadelphia Office Market Surges Back

• Q1 2025 leasing activity jumps 38% to 1.1M square feet
• Law firms lead the charge with major renewals
• FS Investments' strategic move signals "flight to quality" trend

Industrial Market's Great Recalibration

• Demand shifts from mega-warehouses to smaller regional facilities
• Vacancy peaks at 8.6% but market shows signs of stabilization
• New sweet spot emerges for sub-300K square foot properties

Wilmington's Quiet Comeback Story

• Third consecutive quarter of positive absorption
• Diverse new tenants including Bounce Pickleball's 25K sq ft lease
• Medical users expanding presence in northern Delaware

Retail Revolution Continues

• Experience-driven tenants dominate growth
• South Jersey retail vacancy drops below 5%
• Food, beverage & entertainment sectors lead the way

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