Philadelphia ranked 25th nationally for speculative industrial development as the region closed out 2025. Speculative projects accounted for 76 percent of ongoing industrial construction during the fourth quarter.
The high share of speculative development has persisted for several years. More than 70 percent of industrial projects have been built without secured tenants over the past three years. This trend has contributed to a growing supply of vacant, newly delivered industrial space.
The largest speculative space currently available is located at Garden State Logistics Park in Pennsville, New Jersey. Building A contains approximately 1.2 million square feet. The facility was completed in late 2024 and remains on the market.
Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about New York health care, industrial, retail, office, land or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.
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