Back-To-School Spending Set To Be An All-Time High
Back-to-school spending might reach an all-time high this season, according to a new report from Deloitte. Over half of surveyed back-to-school shoppers expressed inflation concerns, but many still plan to purchase needed supplies. Spending for the category is...
How The Supply Chain Crisis Is Being Solved
The supply chain is volatile. There have been many problems of late, and we continually hear about overland trucking issues causing additional delays after merchandise finally gets unloaded from delayed cargo ships. Christmas 2021 was a nightmare, and companies like...
Philly On The Verge of Another “Rendell” Moment
In a recent Philadelphia Inquirer article, local business leaders discuss how Center City Philadelphia has nearly recovered to pre-pandemic levels of jobs and downtown foot traffic, although non-resident workers still haven’t fully returned physically to their...
Grocers And Restaurants Are Leading Retail Growth
For the First Time in 5 Years, Brick-and-Mortar Retail Openings Are on Track To Outnumber Store Closings Here’s something to look forward to: Brick-and-mortar store openings in 2022 are on pace to outnumber store closings for the first time in five years. The trend is...
$580 Million in Upcoming Philadelphia projects
Recent proposed projects in Philadelphia show how some of the city’s development hotbeds are continuing to heat up. Just since February 2022, over $580 million in new projects have been proposed for the Greater Philadelphia region. In Fishtown, an area in east...
The Greatest Retail Innovation Of The Next 30 Years
Amazon’s “Just Walk Out” tech will soon be looked upon as the greatest retail innovation of the next 30 years. The award won’t go to voice commerce. It won’t go to Zuck’s metaverse. It will go to the technology platform that first debuted inside of a small Amazon Go...
Philadelphia Finalizes Plans for Huge Waterfront Mixed-Use Development
Jefferson Apartment Group and Haverford Properties have closed on a long-term ground lease of one of the largest parcels fronting the Delaware River as well as secured construction financing that will pave the way for the development of a mixed-use project along the...
Home Depot and Lowe’s Post Strong Gains
While demand in the home improvement category has come down from pandemic highs, the biggest players in the sector continued to post sales gains in the fourth quarter. As consumers invested in their homes around the holidays, The Home Depot on Tuesday reported fourth...
Philadelphia’s Residential Market Rebounds
The number of residents walking around Center City returned to pre-pandemic levels at the end of 2021, showing the resiliency of downtown’s residential segment, according to the Center City District’s annual housing report released Tuesday. The greater Center City...By Rob Samtmann
Managing Principal of Equity Retail Brokers – Specializing in Tenant Representation and Leasing