Soaring demand for modern, bulk warehouse space stands to benefit the Philly industrial space market as well as other key distribution markets in the nation, the CoStar Group reports. “Investor demand for warehouse and logistics properties is limited only by the current shortage of modern new buildings available to buy,” CoStar analysts said at the… Read more »
Posts By: WCRE
Philly Industrial Space Deliveries, Construction and Inventory.
Four new Philadelphia industrial buildings were completed in the Philly industrial space market in the third quarter 2014, adding 906,337 square feet of new Philadelphia industrial space to the market, a new report from the CoStar Group said. In comparison, 10 Philly industrial buildings were completed in the Philadelphia industrial space market in the second… Read more »
U.S. and Philly Industrial Space Absorption Likely To Spike in Fourth Quarter
After lackluster demand for U.S. industrial space, which includes Philly industrial space, in the first nine months of 2014, absorption of industrial space in Philadelphia and elsewhere in the U.S. is expected to increase in the last three months of the year as an estimated 50 million square feet of new warehouse and light industrial… Read more »
Philly Industrial Space Vacancy Rate Declines
The vacancy rate for Philly industrial space declined in the third quarter 2014, ending the quarter at 8.3%, according to the CoStar Group’s latest market trend report. The Philadelphia industrial space vacancy rate had been holding steady at 8.6% in the previous two quarters. Net absorption stood at positive 3,482,534 square feet of industrial space… Read more »
Philly Industrial Space Market to Benefit from Growing Manufacturing Sector
Philadelphia regional manufacturing firms voiced optimism for continued growth as more manufacturers expect to expand their workforce in the next six months — a display of confidence from which the Philly industrial space market is well positioned to benefit. The Federal Reserve Bank of Philadelphia’s September 2014 monthly survey of manufacturing firms in the Philadelphia… Read more »
Philadelphia Industrial Space Deliveries, Construction and Inventory
The completion of eight Philly industrial buildings in the Philadelphia industrial space market brought 3,127.992 square feet of Philly industrial space to the market during the second quarter of 2014, a new market trend report from the CoStar Group said. In comparison, three Philadelphia industrial buildings totaling 214,056 square feet were completed in the Philly… Read more »
Philadelphia Industrial Space Vacancy Rate Unchanged
The Philadelphia industrial space vacancy rate held steady at 8.6% in the second quarter 2014, according to the CoStar Group’s newest market trend report. The second quarter Philly industrial space vacancy rate was unchanged over the first quarter, CoStar’s Second Quarter 2014 Market Report said. Net absorption totaled positive 3,596,954 square feet of industrial space… Read more »
Philly Industrial Space Vacancy Rate Rises
The vacancy rate in the Philly industrial space market closed the first quarter 2014 at 8.8%, according to a new market trend report from the CoStar Group. The first quarter Philadelphia industrial space vacancy rate increased over the fourth quarter 2013, CoStar said in its First Quarter 2014 Market Report. Net absorption totaled negative 173,516… Read more »
Select Top Lease Signings in the Philly Industrial Space Market
The select top lease signed in the fourth quarter 2013 in the Philly industrial space market was for 289,843 square feet leased by Knoll, Inc. at 7132 Daniels Drive in the Lehigh Valley submarket, according to the latest market trend report from the CoStar Group. Other significant fourth quarter leases for industrial space in Philadelphia… Read more »
Philly Industrial Space Deliveries, Construction and Inventory
Philly industrial space increased by 764,000 square feet in the fourth quarter 2013 with the completion of four new Philly industrial buildings in the Philadelphia industrial space market, according to a new market trend report from the CoStar Group. In comparison, two Philadelphia industrial buildings totaling 526,590 square feet were completed in the Philadelphia industrial… Read more »
