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- Kickstart 2025 with Tri-County’s Commercial Chapter!
- Explore Ambler Yards: A Developer’s Insight & Networking Opportunity Coming May 21st
- Get Your Tickets Today: Commercial Education Summit Coming April 22nd
- Event Recap: 2025 Market Forecast and Economic Insights with Kevin Gillen
- Upcoming C/I Exchange Meeting on April 11th Featuring Guest Speaker - Carmine Rego
- Local Developer Proposes New 160-Unit Apartment Complex in Southwest Philadelphia
- Philadelphia’s First Major Office-to-Residential Conversion Went Smoothly, Leasing Starts in March
- Calendar of Events
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Kickstart 2025 with Tri-County’s Commercial Chapter!As we step into the new year, there's no better time to tap into the opportunities that Tri-County’s Commercial Chapter offers. Whether you're actively engaged in listing, selling, leasing, or appraising commercial real estate—or simply looking to expand your expertise—our Chapter provides exclusive benefits, educational resources, and premier networking opportunities to help grow your business. I’m excited about the dynamic slate of events we have planned for 2025 and look forward to connecting with you! - Mike Carlin, Vice President of Operations, Staff LiaisonAn Inside Look Into Commercial Real Estate Trends, Market Analysis & Valuation
The National Association of REALTORS® Commercial Real Estate Market Insights Report provides in-depth analysis and market insights on the commercial real estate market, with a focus on multi-family, office, industrial, and retail properties.
The latest NAR State of the Market report highlights key shifts shaping commercial real estate. While recent Federal Reserve rate cuts signal potential relief, loan rates remain elevated, and uncertainty lingers around the new administration’s economic policies. Demand for office space is improving but remains in recovery mode, while the retail sector stays tight due to limited new supply. The industrial market faces rising vacancies, and multifamily absorption is strong despite higher vacancy rates. Download the full report here. With shifting trends ahead, staying informed and connected is more important than ever—let’s navigate 2025 together!
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Explore Ambler Yards: A Developer’s Insight & Networking Opportunity Coming May 21stJoin Tri-County Suburban REALTORS® Commercial Chapter for an exclusive Developer’s Forum and Happy Hour at Ambler Yards on May 21, 2025. This unique event will feature Matt Sigel, Principal at Station Partners, who will provide an in-depth look at the development process, challenges, and transformation of this dynamic workspace community. Attendees will tour Ambler Yards, which offers a mix of traditional offices, coworking spaces, lofts, warehouses, and more, making it a standout destination for businesses of all kinds. Following the presentation and tour, enjoy a complimentary happy hour at Well Crafted Ambler Brewery and Beer Garden. This event is FREE for Commercial Chapter members, but registration is required. Interested in attending as a non-member? Non-Members, please contact Tri-County Suburban REALTORS® via 610-560-4800 for registration. Don’t miss this opportunity to gain valuable industry insights while experiencing one of Ambler’s most exciting redevelopment projects!
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Get YourTickets Today: CommercialEducation Summit Coming April 22nd
Hosted by the Tri-County Suburban REALTORS® Commercial Chapter, CCIM (PA/NJ/DE Chapter), and CII, this one-day summit on April 22nd, will offer 7 hours of continuing education for all REALTORS®, including BOTH requirements for PA license renewal in Fair Housing & Agency Relationships, and an elective course.
Attendees will also enjoy a continental breakfast, complimentary lunch, and a happy hour - all included in their ticket price.
Members of Tri-County Suburban REALTORS®, CLICK HERE to register.
CII-Council or CCIM PA-NJ-DE Chapter Members, CLICK HERE to register.
For non-members of Tri-County Suburban REALTORS®, or any other previously listed organization, CLICK HERE to register.
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Event Recap: 2025 Market Forecast and Economic Insights with Kevin Gillen
"Show me an area thats growing in population, jobs and income, I'll show you an area that is growing in rents, prices, and building." - Kevin Gillen
Tri-County Suburban REALTORS® welcomed over 50 real estate professionals on February 6th for a commercial market outlook for the Philadelphia region.
Gillen’s presentation provided a macro-level analysis of key economic drivers influencing the commercial real estate market. His insights covered both the demand and supply-side for five major metro regions: Philadelphia (City), Philadelphia (Greater Metro Area), New York, Baltimore & Washington, D.C. Each of these regions experiences unique economic dynamics, yet they all share common macroeconomic factors that influence real estate markets.
One of the primary takeaways from Gillen’s presentation was the importance of macroeconomic indicators, such as population growth, job growth, and the unemployment rate. He emphasized that regardless of broader economic conditions, structural unemployment remains consistently higher in Philadelphia compared to other major metro areas.
With experience as a former Federal Reserve employee, Gillen underscored the significance of the unemployment rate as a critical metric the Fed monitors. He explained that a persistently low unemployment rate signals inflationary pressures, as labor shortages increase production costs across industries. When labor costs rise, overall prices increase, influencing the Federal Reserve’s decision to keep interest rates higher for longer.
Beyond the numbers, Gillen brought an air of humor and relatability to an otherwise data-driven discussion. His ability to humanize complex economic indicators made the information more digestible and engaging for attendees.
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Upcoming C/I Exchange Meeting on April 11th Featuring Guest Speaker - Carmine RegoThe next Commercial/Industrial Marketing Exchange meeting will be a hybrid opportunity for members, held both in-person at the Tri-County Suburban REALTORS® office in Malvern, PA – and via Zoom on April 11th at 8:00 am.
The Chapter is pleased to welcome featured speaker Carmine Rego, CEO of Heritage Land Transfer Company. Rego brings more than 30 years of experience in the title industry. A Philadelphia native, he has cultivated strong relationships to grow his company, which now boasts more than six locations throughout Pennsylvania, New Jersey, and Delaware. Rego values collaboration with industry professionals and serves on multiple community boards, supporting progress and development within the region. Rego will discuss issues related to title insurance as it applies to commercial real estate.
Following a complimentary breakfast and networking beginning at 8:00 am, at 9:00 am, attendees will participate in the Exchange where ‘haves’ and ‘wants’ will be presented to other Commercial Real Estate professionals.
Have a CRE buyer or lessee and looking for a property? Have a CRE listing or property for lease and looking for a buyer or tenant? Looking for a development opportunity or a financing option? This is a working meeting hosted by Tri-County’s Commercial Chapter with an emphasis on exchanging business. Use this Quick Form to provide details of an upcoming listing, or bring your own property flyer. After the meeting, all forms and flyers presented will be packaged together and shared with thousands of CRE practitioners in the region. For the IN-PERSON OPTION, no registration is necessary.
To register for the VIRTUAL OPTION, click here. Once registered, virtual attendees will receive the Zoom Meeting link directly from Zoom.
Joseph Scott McArdle, CCIM serves the official host of the Quarterly Commercial/Industrial Marketing Exchange meetings.
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Local Developer Proposes New 160-Unit Apartment Complex in Southwest PhiladelphiaWest Philadelphia developer Haverford Square Properties has presented a proposal for a new 160-unit apartment complex in Southwest Philadelphia, writes Jake Blumgart for The Philadelphia Inquirer.
While the majority of the units along Chester Avenue would be two new apartment buildings, but the stone building that previously housed the St. Divine Mercy School would host 35 units.
Haverford Square’s president German Yakubov noted that there hasn’t been any new apartment buildings in the area in quite a while.“It is a lot of homeowners, so there is not a lot of opportunity for apartment living, and we felt there is a market for that.” Yakubov said.
Haverford Square purchased the Southwest Philadelphia property for $2.5 million in 2022, according to a Fox & Roach Realtors webpage. The property once belonged to the Archdiocese of Philadelphia.
Read the full article via Philadelphia Today, here. Source: Philadelphia Today, February 25, 2025
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Philadelphia’s First Major Office-to-Residential Conversion Went Smoothly, Leasing Starts in March
Philadelphia’s first major office-to-residential conversion since the pandemic is set to be completed this spring, with leasing beginning in March, writes Jake Blumgart for The Philadelphia Inquirer.
Alterra Property Group’s conversion of 1701 Market Street is the only such major project nearing completion, despite ongoing discussions over turning empty office spaces into residences since 2020, when COVID-19 hit.
One key factor was the building’s ideal suitability for residential conversion.
“1701 is an example where many of the key factors for an office conversion came together,” said Connor Burke, vice president of multifamily acquisition for Alterra. “There will be other opportunities that will come up that have some of these attributes. It’s not every day that you come across one that has all of them.”
Read the full article via Philadelphia Today, here.
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| April 11th; 8:15am - 9:30am
Tri-County Suburban REALTORS®, Malvern or Virtual Via Zoom
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| April 22nd; 7:30am - 4:30pm
Tri-County Suburban REALTORS®, Malvern
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| May 21st; 4:00pm - 6:00pm
Station Partners at Ambler Yards
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| July 11th; 8:15am - 9:30am
Tri-County Suburban REALTORS®, Malvern or Virtual Via Zoom
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| October 10th; 8:15am - 9:30am
Tri-County Suburban REALTORS®, Malvern or Virtual Via Zoom
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