Harrisburg, Pennsylvania, has seen remarkable growth in its commercial real estate market over the past decade, with total sales volume climbing from around $501 million in 2014 to $861 million so far this year. Adjusted for inflation, this marks a growth of over 30% during the period.
The industrial sector remains a dominant force in the local market, leading annual sales averages with over $300 million. By comparison, retail properties have averaged $158 million, office properties $147 million, and multifamily properties $82 million annually.
This year, industrial sales in Harrisburg reached a record high, bolstered by EQT Exeter’s $170.5 million purchase of Building 1 at Core5 in Middletown — the largest single-building transaction in the city’s history. Major institutional investors, including EQT Exeter, Prologis, GIC, Blackstone, Brookfield, and XPO, have significantly shaped Harrisburg’s industrial market, traditionally viewed as a tertiary market.
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.
