In the first half of 2024, Philadelphia’s industrial real estate market saw a shift as investors prioritized small-bay warehouses over larger box properties. Small-bay warehouses, defined as 50,000 square feet or less, made up 86% of industrial sale transactions, a significant rise from the 10-year average of 77%. In contrast, larger warehouses over 250,000 square feet represented just 1% of sales, only a third of their decade-long average. Despite ongoing interest from private and institutional investors, higher interest rates and compressed asset valuations have dampened investment in larger warehouse assets.
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.
