While headlines and reports often highlight mega-warehouses, Philadelphia’s small-bay industrial market has quietly flourished. These facilities, typically under 50,000 square feet, are the most sought-after segment, yet availability is limited, leading to a shrinking market for companies in need of smaller industrial spaces.
Since 2022, construction has predominantly centered on “big-box” warehouse facilities, those exceeding 500,000 square feet, with 23 million square feet completed, compared to just 1.2 million square feet completed of small-bay space.
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