Lee & Associates recently contributed market expertise to the CREDA Research Foundation’s national study, Developing, Owning and Operating Shallow Bay Industrial Buildings. The study examines why this often-overlooked segment has attracted growing investor attention and what owners, developers and lenders need to understand about it. The national study provides an important framework, but Pennsylvania demonstrates why shallow-bay industrial deserves to be evaluated at the state, regional and submarket levels. Its tenant base, aging inventory, constrained…
Lee & Associates Welcomes Kylie Nurick as Research Analyst
PLYMOUTH MEETING, PA – Lee & Associates of Eastern Pennsylvania is pleased to announce that Kylie Nurick has joined the firm as a Research Analyst based in its Plymouth Meeting office. In her role, Nurick will support the company’s research platform, contributing to market research, data analysis, property and transaction tracking, and the development of market intelligence that supports clients and brokerage professionals across Pennsylvania. A 2026 graduate of Penn State University’s Smeal College of…
Lee & Associates Welcomes Arthur Deussing to the Team
Plymouth Meeting, PA — Lee & Associates of Eastern Pennsylvania announced that Arthur Deussing has joined the firm as Senior Vice President, specializing in industrial real estate in the Philadelphia market. Deussing has worked in commercial real estate since 2003, spending nearly two decades with The Prestige Group, where he served as Executive Vice President. His practice has focused on industrial real estate throughout the Philadelphia market, representing property owners, occupiers, buyers and tenants across…
Q2 2026 Eastern PA Industrial Development and Construction
Lee & Associates of Eastern PA tracks the progression of industrial development projects on a quarterly basis, from the time projects move through approvals to when they break ground and ultimately deliver. This market intelligence provides a clear view of potential future supply and the portion of that supply most likely to reach the market. This quarterly series tracks industrial projects of 100,000 square feet or more across the six major Greater Philadelphia submarkets: Central…
Lee & Associates of Eastern Pennsylvania Welcomes Hunter Hastings as Associate
Plymouth Meeting, PA — August 14, 2026 — Lee & Associates of Eastern Pennsylvania announced today that Hunter Hastings has joined the firm as an Associate, specializing in industrial real estate throughout the Greater Philadelphia and Lehigh Valley markets. Hastings will focus on tenant and landlord representation, working with industrial occupiers and property owners. Based in the firm’s Plymouth Meeting office, Hastings will work with manufacturers, distributors, third-party logistics providers and other industrial users throughout…
A More Disciplined Industrial Market Takes Shape Across North America
The 2026 survey points to a balanced industrial market, but one in which occupiers are making decisions more cautiously. Current behavior remains cost-conscious and selective, while brokers maintain a more constructive outlook for the months ahead. Industrial occupiers across North America remain active, but the nature of that activity has changed. The market is no longer defined by the urgency that characterized much of the post-pandemic cycle. Instead, occupiers are approaching real estate decisions…
North Central Pennsylvania Industrial Market Holds Tight Despite Modest Vacancy Increase
Mechanicsburg, PA – Lee & Associates of Eastern Pennsylvania, LLC, in partnership with Focus Central PA, announced the release of its North Central Pennsylvania Industrial Intel | H1 2026 report, offering a data-driven snapshot of industrial market conditions across the region. The report shows overall vacancy edged higher to 5.17% at the end of the second quarter, driven in part by four new vacancies totaling approximately 173,000 square feet. Even with that increase, conditions remain…
Greater Philadelphia Industrial Market Continues to Normalize as Vacancy Declines and Development Activity Remains Disciplined
Mechanicsburg, PA – Lee & Associates of Eastern Pennsylvania has released their Q2 2026 Industrial Intel market report. Findings from the report indicate the Greater Philadelphia industrial market appears to have transitioned into a new phase of its market cycle characterized by normalization. Vacancy continues to decline, leasing activity remains healthy, construction has moderated, and the development pipeline has become more balanced following several years of rapid expansion. Regional vacancy declined to 8.24% during the…
Lee & Associates’ Pennsylvania Research Internship Program Introduces Students to Commercial Real Estate
Lee & Associates’ Pennsylvania offices are using a research-led internship program to give students direct exposure to the data, relationships, and real-world experience that shape commercial real estate. Commercial real estate is a relationship business, but informed conversations depend on strong market intelligence. Across Lee & Associates’ Pennsylvania offices, that belief is shaping an internship program designed to give students a practical introduction to the industry. Now in its third year, Lee & Associates’ Research…