While huge warehouse and distribution mega-boxes get most of the attention from analysts and institutional capital, the unassuming light-industrial market – both across the U.S. and involving Philadelphia commercial properties – has quietly emerged as the sleeper in today’s red-hot U.S. industrial market. At midyear, the overall industrial sector, including industrial space in Philadelphia, led… Read more »
Posts Categorized: Wolf Commercial Real Estate
No change reported in Philly Industrial Space Vacancy
The rate of vacancies in the Philly industrial space market finished the initial three months of 2015 at 8%, according to the latest market trend report from the CoStar Group. The first quarter Philadelphia industrial space vacancy rate matched that of the fourth quarter of 2014, CoStar said in its First Quarter 2015 Market Report…. Read more »
Deliveries, Construction and Inventory in the Philly Industrial Space Market
Three new Philadelphia industrial buildings delivered to the Philly industrial space market in the fourth quarter 2014, bringing 327,200 square feet of new Philadelphia industrial space to the market, the CoStar Group reported in its latest market trend report. In comparison, the third quarter 2014 saw the Philly industrial space market grow with the delivery… Read more »
Vacancy Rate for Philadelphia Industrial Space Drops
The market for Philadelphia industrial space ended the fourth quarter 2014 with a decease in the vacancy rate to 8.1%, according to a new market trend report from the CoStar Group. The Philly industrial space vacancy rate was down over the third quarter. Net absorption for the fourth quarter was positive 2,191,632 square feet of… Read more »
Philly Industrial Space to Benefit from Demand for Warehouse Space
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 »
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 »
