The state of the current Greater Philadelphia – New Castle County, DE area CRE market

Story by LMT Commercial Realty / December 30, 2022

By Christopher Moore, CCIM & Joe Latina of LMT Commercial Realty, LLC

After an exhilarating few years with activity and trends accelerated by the pandemic, the commercial real estate market in the Greater Philadelphia-New Castle County area is adjusting to changes spurred by the rapid rise in interest rates, elevated land prices and construction costs.

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