Philly Industrial Space

Philly Industrial SpaceWolf Commercial Real Estate specializes in representing a wide range of Philly industrial space for buyers, sellers, tenants and investors.

The team at our Philadelphia commercial real estate brokerage firm is uniquely qualified in all types of industrial space in Philly, from traditional space for warehousing and manufacturing, to industrial flex space for multiple uses under one roof, such as offices, showrooms, warehousing and more. As a leading Philadelphia commercial real estate broker, we offer clients the highest standard of service and unmatched expertise as we partner with them to help them realize their Philly industrial space goals.

Buying Philly Industrial Space

For buyers and tenants looking for new industrial space in Philadelphia, the knowledgeable team at our Philadelphia commercial real estate brokerage firm is experienced in identifying the available industrial space in Philly that is the best match for your specifics needs. We assure that the sale or lease terms of your new Philadelphia industrial space complements your real estate goals, and we’re with you from the beginning of the process to the very end in order to facilitate a smooth transition into your new Philly industrial space. At Wolf Commercial Real Estate, we have the people, the power and the connections to get you the right industrial space in Philadelphia at the right price.

Selling Philly Industrial Space

For owners looking to sell or lease their industrial space in Philly, there is nothing better than the defined marketing process that our Philadelphia commercial real estate specialists developed and then tailor for each property and sub-market. This comprehensive and proven marketing strategy works exceedingly well to match buyers and tenants with available Philadelphia industrial space.

Whether you are looking for new industrial space in Philadelphia, or seeking buyers or tenants for your available Philly industrial space, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need to make your commercial real estate goals a reality.

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Philly-Area Industrial Tenants Face Steep Rent Hikes at Renewal

Philly-Area Industrial Tenants Face Steep Rent Hikes at Renewal

Philadelphia’s industrial real estate market has emerged as a national leader, ranking third among the 15 largest U.S. industrial markets for sustained rent growth. Over the past five years, industrial rents in the region have risen 57.6%, outpacing the national average of 41.7% and trailing only Phoenix and Atlanta.

This growth stems from high demand during 2021 and 2022, when industrial space availability hit record lows. As demand remains strong, businesses are facing steep rent hikes. For example, a tenant leasing a 25,000-square-foot warehouse at $6 per square foot in 2019 could see annual rent jump from $150,000 to $235,000 if adjusted to current market rates.

*Article courtesy of Costar

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

E-Commerce Delivery Firm Secures Entire Philly Industrial Building

E-Commerce Delivery Firm Secures Entire Philly Industrial Building

Veho, a delivery firm serving e-commerce companies, has leased 148,611 square feet at 4501 Richmond St. in Philadelphia. The one-story distribution center, part of Bridge Point Industrial Park, was completed in April and is owned by Bridge Industrial, which acquired the site in 2022 for $24 million after environmental remediation. Previously, the property was used for gas manufacturing in the 1920s and steelmaking from 1929 to 1982. Veho signed the lease in June and plans to move in on Oct. 1. Bridge Industrial operates across major U.S. markets and internationally.

*Article courtesy of Costar

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

Philadelphia Industrial Real Estate Sees Leasing Surge

Philadelphia Industrial Real Estate Sees Leasing Surge

For the first time in two years, the industrial vacancy rate in the Philadelphia region has declined, dropping from 7% to 6.5% in the third quarter, per Colliers. This shift reflects increased tenant demand, particularly from third-party logistics companies, many based in Asia, that were previously priced out of the Northeast. These companies accounted for nearly 80% of the region’s leasing activity in Q3, according to CBRE.

The current vacancy rate resembles levels from 2016–2019, moving away from the record lows of around 2% seen during the pandemic. A surge in new industrial developments, driven by e-commerce and pandemic-fueled demand, has significantly expanded the region’s industrial space in recent years.

*Article courtesy of Philadelphia Business Journal

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

Industrial Property Spending in Pennsylvania Capital Hits Record

Industrial Property Spending in Pennsylvania Capital Hits Record

The Harrisburg industrial real estate market reached a record $740.6 million in sales in 2024, more than double last year’s total of $328.1 million. This growth caps a decade of steady expansion, solidifying the region as a key Northeast distribution hub. Over the past ten years, annual industrial sales have averaged over $330 million, significantly outperforming office, retail, and multifamily sectors.

*Article courtesy of Costar

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

Developer Delivers Three Philadelphia Buildings, Secures First Lease

Developer Delivers Three Philadelphia Buildings, Secures First Lease

Veho, a third-party logistics company specializing in last-mile delivery, has leased a 148,611-square-foot industrial building at 4501 Richmond St. in Northeast Philadelphia. This deal marks the first lease in the local portfolio of Chicago-based developer Bridge Industrial, which also completed an adjacent 741,701-square-foot facility. Both buildings, located in the Bridesburg neighborhood along the Delaware River near the Betsy Ross Bridge, were finished in March. No tenant has been secured yet for the larger property, and Veho’s lease spans ‘a few years,’ according to Bridge Industrial’s Director of Investments, Connor Milanaik.

*Article courtesy of Philadelphia Business Journal

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

SEPTA Acquires a Warehouse in Northeast Philadelphia

SEPTA Acquires a Warehouse in Northeast Philadelphia

SEPTA has purchased a warehouse adjacent to Northeast Philadelphia Airport for $11.25 million, as per Philadelphia property records. This acquisition is part of a trend of industrial sales near the airport. The warehouse at 10551 Decatur Road covers over 136,000 square feet, most of which SEPTA had previously leased since 2019 for use as a supply chain warehouse.

A SEPTA spokesperson confirmed the building will continue to serve that purpose but refrained from commenting further due to “legal matters.” The property was sold by Drummond Decatur and State Properties LLC, which has owned the site since 2012. Records indicate that the LLC purchased the building for $17.1 million, with an assessed value of $10.27 million.

*Article courtesy of Philadelphia Business Journal

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

Joint Venture Buys 6-Building Industrial Portfolio in Montgomery County

Joint Venture Buys 6-Building Industrial Portfolio in Montgomery County

Affiliates of Endurance Real Estate Group and Greystar-Thackeray have acquired a six-building light industrial portfolio in West Norriton for $31.75 million. The portfolio, totaling 200,359 square feet and fully leased to 15 tenants, was sold by Western Valley Forge Business Center LLC and IIT Valley Forge Business Center LLC. The buildings feature clear heights between 18 and 20 feet, along with a combined 530 parking spaces and 46 loading positions. This acquisition marks the 12th joint venture between Radnor-based Endurance and Thackeray since 2006; Thackeray was acquired by Greystar in 2021.

*Article courtesy of Philadelphia Business Journal

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

Seller Nets Tenfold Return as Northeast Philly Industrial Market Booms

Seller Nets Tenfold Return as Northeast Philly Industrial Market Booms

A New York investment firm has acquired a 305,000-square-foot distribution center near Northeast Philadelphia Airport, marking another significant industrial sale in the area. Eagle Cliff Real Estate Partners purchased the property at 11350-11400 Norcom Road from 5601 Tulip LLC and Monarch Global Brands, as announced by real estate brokerage Binswanger.

The sale price was $33.7 million, according to an industry source, a remarkable increase from the $3.3 million paid for the property in 2016. Built in 1965, the building sits on 16.8 acres and is fully occupied by Monarch, a wholesaler and manufacturer of microfiber and linens, along with another tenant.

*Article courtesy of Philadelphia Business Journal

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

NY Investment Firm Acquires Northeast Philadelphia Warehouse

NY Investment Firm Acquires Northeast Philadelphia Warehouse

Two years after its completion, a Northeast Philadelphia distribution warehouse has been sold for $83.5 million to a global investment firm, according to property records.

The 282,737-square-foot building at 9801 Blue Grass Road is fully leased to TJX Companies, the parent company of TJ Maxx, HomeGoods, and Marshalls. DH Property Holdings sold the property to Blue Grass Owner II LLC, which shares the same New York address as alternative investment giant KKR.

In 2020, New York-based DH Property Holdings purchased the 21-acre site for $10.5 million from Huntingdon Valley real estate firm Sant Properties.

*Article courtesy of Philadelphia Business Journal

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

Delco Warehouse Sells for 41% Above Its Price from Two Years Ago

Delco Warehouse Sells for 41% Above Its Price from Two Years Ago

Velocity Venture Partners has sold a 468,000-square-foot industrial building in Yeadon, Delaware County, for $59 million, marking a 41% increase from its purchase price two years ago. New York-based Lightstone Group, making its first acquisition in the Philadelphia area, bought the warehouse at 6250 Baltimore Ave., according to Newmark’s Ryan Guittare, the listing agent. The sale, which closed on Monday, equates to $126 per square foot. The property is located just outside Philadelphia.

*Article courtesy of Philadelphia Business Journal

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