South Jersey Retail Space

South Jersey Retail SpaceWolf Commercial Real Estate (WCRE) is the South Jersey commercial real estate broker that clients rely on for South Jersey retail space. We represent buyers, sellers, owners and tenants for their Southern New Jersey retail space needs throughout the state, the region and the entire country.

With an intensive focus on our client’s business goals, our commitment to community and our highly personal approach to client service, the team at our South Jersey commercial real estate brokerage firm is creating a new culture and a higher standard in representing South Jersey retail space.

As experts in South Jersey commercial real estate listings and commercial real estate services, Wolf Commercial Real Estate goes well beyond simply helping with property transactions. As the foremost Southern New Jersey commercial real estate brokerage firm, WCRE serves as the advisor and strategic partner that is invested in the long-term growth and success of your South Jersey retail operation.

At WCRE, we learn about your real estate goals and make them our own, creating an enduring partnership. We provide our clients with ongoing detailed information about Southern New Jersey retail space to help them achieve their real estate goals. Our Southern New Jersey commercial real estate services encompass the highest quality of service, proven expertise and a total commitment to client-focused relationships.

Whether you are looking for South Jersey commercial real estate listings, commercial properties, retail listings and retail properties anywhere in the country, Wolf Commercial Real Estate is the premier Southern New Jersey commercial real estate broker that can help you find the retail property that best suits your needs. Our South Jersey commercial real estate experts ensure that the sale or lease terms work hand in hand with your commercial real estate goals. At Wolf Commercial Real Estate, we partner with our clients from the beginning of the relocation analysis process in order to facilitate a smooth transition.

Buying or Selling South Jersey Retail Space

For retail property owners looking to sell or lease their South Jersey retail space, the team at our South Jersey commercial real estate brokerage firm has developed a defined marketing process that we tailor to each property and sub-market. Our proven marketing strategy works effectively to efficiently match buyers and tenants with available Southern New Jersey retail space for sale or lease.

South Jersey retail space and rents are very aggressively priced and market trends show that the region is poised for a massive rebound in retail business. For more information, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com), us at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

About Us

Wolf Commercial Real Estate is a Southern New Jersey commercial real estate brokerage firm that provides a full range of Southern New Jersey commercial real estate services, marketing commercial offices, medical properties, investment properties, industrial properties, land properties and retail buildings for buyers, tenants, investors and sellers. Please click the links below for listings of Southern New Jersey retail space for sale or lease and other South Jersey commercial real estate listings from Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Please click the links below for listings of South Jersey Office Spaces for Lease or Purchase.

Click Here for South Jersey Retail Space Listings

Highly Visible South Jersey Retail Space for Sale or Lease in Deptford

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available highly visible South Jersey retail space for sale or lease at 1410 Delsea Drive Deptford.

This well-located retail space in South Jersey features a 7,641-square-foot hardware store in a newer building, built in 2002, in the fast-growing Gloucester County community of Deptford Township. A retail, medical, or professional application would be perfect for this retail space for sale in South Jersey.

The asking sale price for this retail space in South Jersey at 1410 Delsea Drive Deptford is $749,000 and the asking lease price for this retail space in South Jersey is $15.00/sf NNN. For more information, please contact Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There is excellent floor-to-ceiling storage space in the rear of this South Jersey retail space for lease or sale as well as a 12-foot-by-10-foot rear bay door for deliveries. This retail space for sale in South Jersey also features a 16-foot ceiling height throughout most of the building.

Located at the corner of Delsea Drive and Cooper Street, this South Jersey retail space for sale or lease at 1410 Delsea Drive Deptford is situated at a busy intersection near other popular retailers.  This retail space for sale in South Jersey is close to Burger King, Dunkin’ Donuts, and PNC Bank and is nearby the Deptford Mall, Bank of America, Subway, and Columbia Bank. This retail space in South Jersey also offers convenient access to Route 55 and the New Jersey Turnpike.

This South Jersey retail space for lease or sale is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

There is highly visible building and monument signage at this South Jersey retail space for lease or sale at 1410 Delsea Drive Deptford.  In addition, there is abundant parking at this South Jersey retail space for sale or lease.

More than 179,000 potential customers live within a five-mile radius of this retail space for sale in South Jersey through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.  The average household income in the same five-mile radius of this South Jersey retail space for lease or sale is $74,986.

For more information about this South Jersey retail space for sale or lease at 1410 Delsea Drive Deptford about any other South Jersey commercial properties for sale or lease, please contact Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) or April Loomis (856-857-6308; april.loomis@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate is a leading South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Is Your Company Growing or Downsizing?

moving office

How to Find the Best Property for Your Business.

Here are five key decision factors to consider when searching for your business’s first or next office location.

1. Identify the Needs of Your Employees

Think about how many jobs you, your friends, colleagues and family members haven’t applied for due to office location? Completing a zip code analysis of employee homes is one key to identifying the right location that best suits a company and overall employee performance and moral.

Companies should consider properties that are accessible by public transportation with stops conveniently located nearby and also accessible by major highways. Adequate parking is also a concern for employees, too! Consider the surrounding area and local amenities. Are there places to eat, shop, bank, hotels (for clients, if needed), etc.

2. Become Familiar With the Traffic Patterns in the Area

Rush hour traffic is also a big concern for employees. Are there schools nearby that will cause congestion? Are employees required to be in right at 8-9AM? A highly-congested area may not be in your best interest. Be sure to ask the right questions and conduct your own analysis of the area to ensure the location will suit the needs of your business and commute.

3. Consider Your Customers

Just as we are thinking about your employees, think about your clients. Do your clients visit on a regular basis? Do they have amenity needs? The last thing you want is to inconvenience them with your new location. See if the area is up and coming. Is there potential for the business to grow or is it over saturated by your competitors?

4. Understanding Your Space Plan Program and Interior Layout Needs

Efficiency is key. In today’s world of technology and collaboration, making sure your office design and layout is critical for productivity, moral and overall company performance. Have you discussed your interior plan with a space designer or architect?

5. Know Your Financial Bottom Line

Has your company set up a financial budget? Understanding your real estate annual expenses and budget is also one of the most important factors in your real estate planning. Are you up to date on current market conditions and pricing? Have you reviewed your operating expenses and looked for ways to improve your overall bottom line? Have you educated yourself on competing properties and comparable pricing?

It is vital to consider these points when analyzing a new location for your business.

Our team at WCRE is here to help with your next lease or purchase requirement and answer any market questions you may have.

Visit us @ www.WolfCRE.com to learn more about our services.

Landlords Hope to Profit from Papa John’s Problems

Landlords hope to reap benefits from the major marketing missteps taken by the Papa John’s pizza chain as the company faces the prospect of closing 250 restaurants across the country.

Throughout the U.S. commercial real estate market, including South Jersey retail space, landlords are concerned the chain’s highly publicized missteps by its former chief executive, who received swift criticism after using a racial slur on a recent conference call, could dissuade shoppers and they may hope the chain shuts stores, an industry spokesperson said recently.

“There’s a need for that size of space in the market and there’s not that much of it,” the spokesperson explained. “They (landlords) may be able to get higher rents from other tenants.”

This report on U.S. and South Jersey commercial properties from the CoStar Group research organization is being made through South Jersey commercial real estate broker Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Papa John’s, the country’s third-largest pizza chain in the national and South Jersey commercial real estate markets, has suffered public blows the past year. Founder and former Chairman and Chief Executive John Schnatter — who still owns about 30 percent of the company — this summer used a racial slur to describe African Americans on a conference call. Last fall, he blamed NFL leadership for allowing players to kneel during the National Anthem and complained the controversy was hurting the chain’s sales. At the time, Papa John’s was an NFL sponsor. It has since been replaced by Pizza Hut.

In a recent earnings call, Papa John’s Chief Executive Steve Ritchie said the chain was struggling and may be forced to close some locations.

“We’re going to evaluate all the options as they’re presented to us, if there is some sort of increase in closures that exist here because of the declines in the sales,” he said.

A Papa John’s spokeswoman declined to comment.

If the chain does close stores in its holdings of national and South Jersey commercial real estate properties, a new commercial real estate report offers clues as to which businesses might replace them. The report said non-retail and non-restaurant space in shopping centers increased to 23.1 percent this year from 19.2 percent in 2012. Forty-four percent of shoppers say they prefer to visit shopping centers that have a wide variety of non-retail tenants.

“The growing focus on experience has led to a rising share in non-retail tenants, including food and beverage, salons, movie theaters, fitness centers and medical clinics,” the report said.

Most Papa John’s stores among its various U.S. and South Jersey commercial real estate listings are in shopping and strip centers, and industry observers believe two popular concepts — Mediterranean or taco restaurants — could backfill the space and drive traffic.

For more information about South Jersey office space, South Jersey retail space and South Jersey industrial space or other South Jersey commercial properties, please call 856-857-6301 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey office space, South Jersey retail space and South Jersey industrial space.

Wolf Commercial Real Estate is a South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new South Jersey office space, South Jersey retail space or South Jersey industrial space with the South Jersey commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for South Jersey office space, South Jersey retail space or South Jersey industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Vacant Office Parks and Malls to Benefit From New Jersey Bill

Efforts are underway in the New Jersey state Legislature to eliminate the blight of vacant and half-empty malls and office complexes, properties that have fallen victim both to e-commerce and a new preference in corporate America for urban settings.

“Buildings used, or previously used, as a shopping mall, shopping plaza, or professional office park,” that have been vacant or partially vacant in the South Jersey retail space commercial real estate market with less than 50 percent occupancy for at least two years, can qualify to be designated as needing redevelopment, says a bill that recently came out of committee in the state Legislature.

This report involving South Jersey retail space commercial properties is being made through South Jersey commercial real estate broker Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Once a municipality in the South Jersey retail space commercial real estate market designates an area as needing redevelopment, that site becomes eligible for economic incentives from the town – including being able to make payments in lieu of taxes, or Pilot programs. The bill’s goal is to spark the repurposing of such underutilized and sometimes rundown properties by developers.

With the demise of many retail chains among all South Jersey commercial real estate properties – and the rise of online shopping – malls across the nation have struggled with vacancies and closings. New Jersey has been hit particularly hard by office-park vacancies, because of its large supply of suburban office stock at a time when the millennial workforce is favoring downtown workplaces.

“Without the help proffered by this bill, there is good chance that investors will just be unwilling to take on these complex redevelopment projects, and the malls will deteriorate, cease to provide revenue support for the towns in which they’re located and, not least, they will go from being a destination to unattractive and possibly dangerous, lightly occupied, vestiges of a time gone by,” said one industry spokesperson.

The bill, whose sponsors include State Assemblywoman Carol Murphy, a Democrat representing Legislative District 7, basically updates and expands the types of South Jersey commercial real estate listings that can qualify as being in areas in need of redevelopment.

Murphy said she is very familiar with the issue of vacant malls in part because of what has happened within her own area, Burlington County. Earlier this year, Sears, the last retail tenant in the once-busy Burlington Center mall at 2501 Mount Holly Rd. in Burlington, New Jersey, shut its doors in the South Jersey retail space commercial real estate market, leaving a vacant shopping center in its wake.

“What used to be a thriving shopping center, a shopping mall, is now completely closed,” Murphy said. “So that’s sitting there and we’re trying to figure out what we’re going to do with that.”

Real estate firms dealing with South Jersey commercial real estate listings should be financially encouraged to look at existing, empty retail and office properties to redevelop “without having to take up more of our free land and space,” she said.

For more information about South Jersey retail space or other South Jersey commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey retail space.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new South Jersey retail space with the South Jersey commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for South Jersey retail space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Premier South Jersey Retail Space for Sale in Hammonton

Wolf Commercial Real Estate, the foremost South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services, is now offering premier South Jersey retail space for sale at 337 Bellevue Avenue Hammonton NJ.

Located in the heart of the downtown Hammonton Business District, this South Jersey retail building for sale is a former bank branch, meaning that this South Jersey retail space for sale is ideal for any retail, office, or medical use.

The asking price for this well-positioned retail space in South Jersey at 337 Bellevue Avenue Hammonton NJ is $475,000.  This retail space in Hammonton is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

There is a total of +/- 2,434 square feet of South Jersey retail space for sale at this South Jersey retail building for sale at 337 Bellevue Avenue Hammonton NJ.  This retail space in Hammonton sits on .92 acres and the Hammonton NJ Transit train station is within walking distance of this retail space in Hammonton.

This retail space in South Jersey that is available through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm, is close to the Atlantic City Expressway and there is easy access to Route 30 (White Horse Pike) and Route 206 from this retail space in Hammonton.

Nearly 23,000 potential customers live within five miles of this South Jersey retail building for sale at 337 Bellevue Avenue Hammonton NJ.  This retail space in South Jersey has building and pylon signage available in addition to two drive-thru teller lanes.

For more information about this South Jersey retail space for sale at 337 Bellevue Avenue Hammonton NJ or about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) or Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Premier Westmont Retail Space for Sale on Haddon Avenue

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available highly visible South Jersey retail space for sale at 206-208 Haddon Avenue Westmont NJ.

This well-located retail space in Westmont NJ features a +/- 6,240 square-foot store on two lots. Multiple opportunities – such as retail, office, or medical applications – are possible at this retail space for sale in Westmont NJ.

The asking sale price for this retail space in Westmont NJ at 206-208 Haddon Avenue Westmont NJ is $775,000.  For more information about this retail space in Westmont NJ, please contact Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

This South Jersey retail space for sale is a freestanding commercial property and this retail space for sale in Westmont NJ sits along highly traveled Haddon Avenue. There is a full basement with a restroom at this South Jersey retail space for sale and there is parking for 25 vehicles and additional off-street parking at this South Jersey retail space for sale.

There’s easy access to Philadelphia – via the Ben Franklin Bridge – as well as to Routes 38, 70, and 130 from this retail space for sale in Westmont NJ that is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services. As a bonus, award-winning restaurants and retail shopping outlets surround this South Jersey retail space for sale.

This retail space for sale in Westmont NJ is directly across from the new Haddon Towne Center and, in addition, this retail space in Westmont NJ is within walking distance of the Westmont PATCO Highspeed Line station. There also is building pylon signage available at this South Jersey retail space for sale at 206-208 Haddon Avenue Westmont NJ.

This South Jersey retail space for sale is available Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services.

For more information about this South Jersey retail space for sale at 206-208 Haddon Avenue Westmont NJ about any other South Jersey commercial properties for sale, please contact Ryan J. Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, warehouse properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Premier South Jersey Retail Space for Lease in East Greenwich

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available premier South Jersey retail space for lease at 162 West Cohawkin Road East Greenwich NJ.

This well-located South Jersey retail space for lease is currently under construction and is expected to be available for occupancy in September 2018. Interested parties will find a high-end liquor store in this retail space in South Jersey and multiple housing developments will surround this retail space for lease in South Jersey at 162 West Cohawkin Road East Greenwich NJ, including a new Ryan Homes development.

There are from +/- 1,500 to 15,000 square feet of retail space in South Jersey available in this shopping center. There also is a +/- 5,000 sf restaurant pad site with a liquor license at this South Jersey retail space for lease as well as a 5,000 square feet office/day care pad site at this South Jersey retail space for lease.

The asking lease rate for this retail space in South Jersey is $16.00 sf/ NNN and interested parties are asked to call for more information regarding build-to-suit options for office space or day care center facilities at this retail space for lease in South Jersey.

Ideal uses for this South Jersey retail space for lease include a hair/nail salon or a fitness center and this retail space in South Jersey also can accommodate a restaurant or a day care center. Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services is offering this retail space for lease in South Jersey.

This retail space in South Jersey at 162 West Cohawkin Road East Greenwich NJ is conveniently located at Exit 18 of I-295 and one site at this South Jersey retail space for lease is specifically dedicated to an office user needing access to I-295.

For more information about this South Jersey retail space for lease at 162 West Cohawkin Road East Greenwich NJ or about any other South Jersey commercial properties for sale or lease, please contact Christopher Henderson (856-857-6337; chris.henderson@wolfcre.com) or Ryan Barikian (856-857-6307; ryan.barikian@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate broker.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Highly Visible South Jersey Retail Space for Sale or Lease in Maple Shade

Wolf Commercial Real Estate, a leading South Jersey commercial real estate brokerage firm with expertise in South Jersey commercial real estate listings and services, now has available highly visible South Jersey retail space for sale or lease at 470 Route 38 Maple Shade NJ.

This well-located retail space in Maple Shade NJ features a total of 5,428 sf divided between a retail unit and a storage unit on about .57 acres in the conveniently located township of Maple Shade. The retail unit at this retail space for sale in Maple Shade NJ has between 1,020 sf and 3,960 sf available while the storage unit offers 1,468 sf.

The asking lease price for this retail space in Maple Shade NJ at 470 Route 38 Maple Shade NJ is $14.00/sf NNN. For information on the sale price for this retail space in Maple Shade NJ, please contact Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services.

The municipal zoning designation for this South Jersey retail space for lease or sale is “BD,” for Business Development, and there are both pylon and store signage available at this retail space for sale in Maple Shade NJ.

Located at the corner of Route 38 and Rudderow Avenue, this South Jersey retail space for sale or lease at 470 Route 38 Maple Shade NJ is situated at a busy intersection near other popular retailers.  This retail space for sale in Maple Shade NJ is close by Wawa, Dunkin’ Donuts, Outback Steakhouse, and Carrabba’s Italian Grill, and is near both the Cherry Hill and Moorestown malls. This retail space in Maple Shade NJ also offers easy access to Philadelphia via the Benjamin Franklin bridge.

This South Jersey retail space for lease or sale is available for immediate occupancy through Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm that specializes in South Jersey commercial real estate listings and services. An average of more than 61,000 vehicles per day pass by this South Jersey retail space for lease or sale at 470 Route 38 Maple Shade NJ, and there is ample parking at this South Jersey retail space for sale or lease.

More than 19,000 potential customers live within the municipal borders that contain this retail space for sale in Maple Shade NJ that is available through Wolf Commercial Real Estate, a South Jersey commercial real estate broker that specializes in South Jersey commercial real estate listings and services. The average household income in the same area of this South Jersey retail space for lease or sale is $45,246.

For more information about this South Jersey retail space for sale or lease at 470 Route 38 Maple Shade NJ about any other South Jersey commercial properties for sale or lease, please contact Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm.

Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier South Jersey commercial real estate broker that provides a full range of South Jersey commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers. Please visit our websites for a full listing of South Jersey commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.

Performance Boost for Shopping Centers Coming Soon as Weaker Stores Close

The vacancy rate in the nationwide retail market increased by 10 basis points for the second-consecutive quarter to reach 5.2 percent in the just-ended third quarter as retail leasing and net absorption slowed despite continued improvement in the broader economy and growing consumer spending power, according to CoStar analysts.

A slowdown in third-quarter leasing performance for the U.S. commercial real estate market – including South Jersey retail space – reflects the ongoing store closures announced by several major retailers. Retailers have, in total, announced a record 101 million square feet of store closings this year on the heels of 83 million square feet of store space that went dark in 2016.

Despite these signs of decelerating leasing demand for the national and South Jersey commercial real estate markets, some analysts believe record levels of store closures eventually will have a ‘healing effect’ on the market as the weakest shopping centers shut down or are repurposed.

This report on U.S. and South Jersey commercial properties is being made through South Jersey commercial real estate broker Wolf Commercial Real Estate, a South Jersey commercial real estate brokerage firm focusing on South Jersey retail properties.

Analysts argue recent weakening of fundamentals does not necessarily justify a doomsday scenario, claiming that the focus on the ongoing purge among national and South Jersey commercial real estate properties masks the best-performing centers, many of which are adding stores and maintaining occupancy.

“Store closures have become a headline risk, and I think it is impacting the capital markets and pricing of retail property. But for shopping center owners and investors, these closures may be a necessary means to healing the market,” observed CoStar director of U.S. retail research Suzanne Mulvee in presenting the latest quarterly data during CoStar’s State of the Retail Market Q3 2017 Review and Outlook.

“Consumer spending (at the closed stores) needs to go somewhere, usually to another physical retailer, so we look at this trend as somewhat positive for the overall market,” Mulvee said. Surviving stores in the right locations “will ultimately come through this period even stronger than before,” added CoStar managing consultant Ryan McCullough.

One major issue contributing to concerns on Wall Street about U.S. and South Jersey commercial real estate listings is the staggering amount of debt held by retail chains, incurred in part during the wave of leveraged buyouts by private-equity firms in recent years.

The best-performing malls and shopping centers operating in the U.S. commercial real estate market – including South Jersey retail space – will continue to attract tenants and retain value. Average and lower-performing properties will continue lose value and eventually close or be repurposed, according to the report.

U.S. retailers dealing with national and South Jersey commercial real estate listings expect to open nearly 4,100 more stores than they will close in 2017, a conveniently overlooked fact in many news headlines focused chiefly on the number of store closings, according to “Decluttering the Retail Landscape,” a recent report by TH Real Estate.

Competition from online sales is pushing weaker retailers out of business faster than ever before, but the report posits that should ultimately result in a financially healthier and more adaptable set of retailers and shopping centers that provide more appealing experiences and a compelling product mix for shoppers.

For more information about South Jersey office space, South Jersey retail space and South Jersey industrial space or other South Jersey commercial properties, please call 856-857-6300 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading South Jersey commercial real estate broker that specializes in South Jersey office space, South Jersey retail space and South Jersey industrial space.

Wolf Commercial Real Estate is a South Jersey commercial real estate brokerage firm that provides a full range of South Jersey commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other South Jersey commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a South Jersey commercial real estate broker with expertise in South Jersey commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new South Jersey office space, South Jersey retail space or South Jersey industrial space with the South Jersey commercial properties that best meets their needs.

As experts in South Jersey commercial real estate listings and services, the team at our South Jersey commercial real estate brokerage firm provides ongoing detailed information about South Jersey commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for South Jersey office space, South Jersey retail space or South Jersey industrial space for sale or lease, Wolf Commercial Real Estate is the South Jersey commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our South Jersey commercial real estate brokerage firm.