M id A tlantic Real Estate Journal — Commercial Brokerage Directory — July 2025 — 3
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Commercial Brokerage Directory Stabilization emerges as investors recalibrate expectations WCRE Q2 2025 Report: CRE balances opportunity with uncertainty
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population growth continue to weigh on absorption. • New York retail fun- damentals remain firm de - spite early signs of stress from national store closures and bankruptcies. Leasing demand is being driven by smaller-format users and luxury retailers, particularly in prime Manhattan corridors. • Northern New Jersey’s industrial market continues to attract institutional capital. However, rising cap rates and a widening bid-ask spread are moderating sales activity, keeping volume below recent
peaks. • Retail investment across the region is increas- ingly centered on stabilized, grocery-anchored centers and fully leased assets. In New Jersey and the outer boroughs, suburban shopping centers remain a favored target for private equity and REITs. Notable Transactions and Trends: • Cantor Commercial Real Estate Sponsor, L.P. acquired a 330,000 s/f prime multifamily property at 2116 Chestnut St in Philadelphia for $138MM ($418.71/SF),
signaling continued demand for well located multifamily. • Hardenbergh Insur- ance Group acquisition of 8000 Sagemore Dr. continues to shine light on owner-user acquisitions. The 50,000+ s/f office building sold for $5.3MM at $105.15/SF. • Camber Real Estate Partners LLC purchased a pair of 50,000 s/f industrial buildings at 420 & 440 Be- nigno Blvd. for $128.57/SF and $118.29/SF respectively. This acquisition highlights contin- ued demand for small space continued on page 26
ARLTON, NJ – WCRE CORFAC International
Select Highlights from the Report: • Office leasing activity in Greater Philadelphia softened in Q2, but the region still outperformed its five-year average for annual absorption. Center City faces challenges as large blocks of space come back online, while suburban submarkets have fared better. • Retail leasing in Phila- delphia posted its first nega - tive quarter in over a year. De- mand for newer product and suburban locations remains strong, but larger-format va- cancies and a slowdown in
( WCRE ) has released its Q2 2025 Market Re- port, offer- ing a com- prehensive view into commercial real estate
Jason Wolf
activity across the region as the industry adapts to evolv- ing economic dynamics and shifting market sentiment. Though capital markets remain constrained by high borrowing costs and limited credit availability, signs of sta- bilization are emerging across multiple sectors. Transaction volumes are still below his- torical averages, but a clearer pricing floor is forming in key investment categories. Real GDP growth moderated during the spring months, and inflation remains elevated. Still, steady job creation and improving consumer confi- dence have helped sustain leasing momentum in several core property types. While con- struction pipelines remain constrained, long-term funda- mentals continue to support measured optimism. The policy environment re- mains a wild card. Potential trade restrictions and rising construction costs pose risks to ground-up development, especially in the industri- al and multifamily sectors. Meanwhile, discussions sur- rounding tax and regula- tory reform following the 2024 election could influence capital deployment strategies heading into 2026. Investor sentiment con- tinues to rebound gradually. Recent surveys suggest most institutional and private capital sources plan to remain active in the second half of the year, favoring income- generating assets in stable markets. Value-add plays are gaining renewed interest, particularly for well-located office and retail properties that can be repositioned for future use. “The market is neither in full recovery nor in retreat,” said Jason Wolf , managing princi- pal of WCRE. “CRE players who can remain flexible and focused on long-term fundamentals will find meaningful opportunity in the current landscape.”
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