Industrial sublease availability continues to rise entering 2026. As a result, sublease listings now represent a multi-decade high share of available industrial space. Currently, about 65.5 million square feet of industrial space is being marketed nationwide. Of that total, roughly 5.2 million square feet is being offered as sublease space. Meanwhile, approximately 60.3 million square… Read more »
Automated warehouse company Exol signed a 973,200-square-foot industrial lease in Bucks County. The deal ranks among the largest leases in the Philadelphia region in recent years. The lease fully occupies the South Penn Logistics Center at 2300 S. Pennsylvania Avenue in Morrisville. Chicago-based Logistics Property Co. completed the building last year. The property sits along… Read more »
Amazon.com Inc. plans to demolish a vacant office building in King of Prussia, Pennsylvania. The company will replace it with a 99,300-square-foot warehouse. The facility is planned for 760 Moore Road, just off West Valley Forge Road. The site sits near Route 422, I-276, and I-76, offering strong regional access. The warehouse will serve as… Read more »
The Philadelphia region’s largest industrial lease of 2025 was recently announced at South Philadelphia’s Bellwether District. DrinkPak officially became the project’s first anchor tenant. The Santa Clarita-based canned beverage manufacturer signed a lease for 1.4 million square feet. The build-to-suit facility is expected to be completed by early 2027. Construction is scheduled to begin in… Read more »
A recently developed logistics center in central Pennsylvania has been acquired by a Swedish investment group. Specifically, EQT Real Estate announced that its Industrial Core-Plus Fund IV acquired the approximately 809,000-square-foot distribution center at 8032 State Route 183 in Bernville. The property, known as I-78 Commerce Center, was purchased from Atlanta-based Core5 Industrial Partners. The… Read more »
Construction has been completed on a 282,255-square-foot distribution facility in southwest Philadelphia. The building is located at 3060 South 61st Street, near Exit 347B of I-76 and Exit 13 of I-95. Additionally, close proximity is provided to Philadelphia International Airport. The facility was developed by DH Property Holdings as a speculative industrial project. Currently, the… Read more »
Philadelphia ranked 25th nationally for speculative industrial development as the region closed out 2025. Speculative projects accounted for 76 percent of ongoing industrial construction during the fourth quarter. The high share of speculative development has persisted for several years. More than 70 percent of industrial projects have been built without secured tenants over the past… Read more »
The industrial real estate market has entered a period of clear bifurcation, as older facilities fall out of favor while modern warehouses continue to capture tenant demand. Properties constructed prior to 2010 are experiencing sustained negative absorption, reflecting a fundamental shift in how occupiers evaluate industrial space. Across the Philadelphia region, older industrial buildings posted… Read more »
DrinkPak plans a $195 million investment for a 1.4 million-square-foot build-to-suit facility in South Philadelphia’s Bellwether District. The project will create 174 new jobs over the next three years. Developers plan the facility on 75 acres as DrinkPak’s flagship East Coast manufacturing location. DrinkPak operates from Santa Clarita, California. Pennsylvania will invest $2 million to… Read more »
Velocity Venture Partners sold a North Wales industrial portfolio at a nearly 50% premium. The firm had purchased the properties three years ago. The Bala Cynwyd investor sold the seven-building portfolio to NorthBridge for $22.2 million. The buildings total 125,000 square feet near Wissahickon Avenue and Dickerson Road. The sale reached $178 per square foot,… Read more »
