Expansive Industrial Sublease Opportunities in Lehigh Valley, Pennsylvania

xpansive Industrial Sublease Opportunities in Lehigh Valley, Pennsylvania

The volume of industrial sublease space in Lehigh Valley, Pennsylvania has notably increased this year, more than doubling from 3.9% in the first quarter to 8.8% by the end of November. This mirrors a larger national pattern, where industrial sublet availability has risen from 7.2% to 10% over the same period.

Initially, pandemic-driven demands for warehouse and distribution centers had squeezed industrial sublet availability to a low of 2.5% in early 2022. However, recent quarters have seen a shift due to inflation, heightened capital costs, and macroeconomic uncertainties, cooling the previously high demand. Consequently, sublet availability has been consistently rising since early 2022. This turning point coincided with the Federal Reserve’s initiation of interest rate hikes in March 2022 to address inflation concerns.

*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 Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia 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 Philadelphia commercial real estate brokerage firm.