Demand for Philadelphia’s Small-Bay Warehouses Outpaces Supply

Demand for Philadelphia’s Small-Bay Warehouses Outpaces Supply

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.

*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.