Posts Tagged: Leasing

Philadelphia Big-Box Industrial Leasing Rebounds to Match 2021 Peak

Philadelphia Big-Box Industrial Leasing Rebounds to Match 2021 Peak

Philadelphia’s big-box industrial market is showing renewed leasing momentum. Notably, the number of major transactions has steadily increased from the market’s 2023 cyclical low. The rebound suggests large industrial occupiers are regaining confidence in their operations. Previously, higher interest rates and economic uncertainty caused many companies to delay expansion plans. However, leasing activity has improved… Read more »

Philadelphia Industrial Real Estate Sees Leasing Surge

Philadelphia Industrial Real Estate Sees Leasing Surge

For the first time in two years, the industrial vacancy rate in the Philadelphia region has declined, dropping from 7% to 6.5% in the third quarter, per Colliers. This shift reflects increased tenant demand, particularly from third-party logistics companies, many based in Asia, that were previously priced out of the Northeast. These companies accounted for… Read more »