Research

Vacancy remains below 5% as late-year availability rises MECHANICSBURG, PA — January 12, 2026 — Lee & Associates of Eastern Pennsylvania, LLC, in partnership with Focus Central PA, announced the release of its North Central Pennsylvania Industrial Intel | H2 2025 report, offering a data-driven snapshot of industrial market conditions across the region. Market Snapshot North Central Pennsylvania ended Q4 2025 with vacancy at 4.90%, remaining below 5% as overall market activity continued at a…

Vacancy eased from mid-year highs, Class A demand led performance, and construction activity remains selective heading into 2026. MECHANICSBURG, PA (January 12, 2026) — Lee & Associates of Eastern Pennsylvania has released its Q4 2025 Industrial Intel Market Report, highlighting a region that ended 2025 on firmer footing than it started. After a softer early-year period, leasing traction improved into year-end and the broader Eastern Pennsylvania industrial market posted a more constructive late-year tone across…

Vacancy declines for the first time in a year amid cautious optimism and steady leasing momentum MECHANICSBURG, PA – October 2025 – The Eastern Pennsylvania industrial market showed signs of rebalancing in the third quarter of 2025, as vacancy declined for the first time in a year and leasing activity strengthened across multiple submarkets, according to the Q3 2025 Eastern Pennsylvania Industrial Intel Report by Lee & Associates of Eastern Pennsylvania. After a slow start…

Strategic Investments Bring Jobs and Industrial Momentum to North Central PA Industrial Market Mechanicsburg, PA — July 2025 — North Central Pennsylvania’s industrial market continues steady, measured growth as new targeted investments bring employment and stability to this smaller, strategically located industrial corridor. Lee & Associates’ Q2 2025 Industrial Intel report shows overall industrial vacancy steady at 5.43% across 292 buildings totaling 52.4 million square feet, reflecting the deliberate pace of the region. Recent developments…

Mechanicsburg, PA — July 2025 — Vacancy in Eastern Pennsylvania’s industrial market held steady at 9.5% in the second quarter of 2025, according to Lee & Associates of Eastern Pennsylvania’s Q2 Industrial Intel report. Strong leasing activity across the region was the key factor stabilizing vacancy, with more than 9 million square feet of new leases signed. Leasing was particularly robust in Southern New Jersey (3 MSF), Central Pennsylvania (2 MSF), and Northeast Pennsylvania (1.5…

Mechanicsburg, PA — April 2025 — Lee & Associates of Eastern Pennsylvania has released its Q1 2025 Industrial Intel report, offering a data-driven snapshot of an industrial market in transition. Following an extended period of rapid expansion, the region has clearly entered the hyper-supply phase of the real estate cycle. Total square footage under construction dropped below 16 million square feet this quarter—down 46% from the same time last year, and a steep fall from…

Mechanicsburg, PA – January 2025 – Lee & Associates of Eastern Pennsylvania has released its Q4 2024 Industrial Intel report, highlighting the dynamics shaping the Greater Philadelphia Region logistics real estate market, which includes Central Pennsylvania, Lehigh Valley, Northeast Pennsylvania, Metro Philadelphia, Southern New Jersey, and Delaware. While the region continues to deliver new opportunities for tenants, increasing vacancy rates and an influx of speculative (SPEC) developments are exerting pressure on the market. When compared…

Philadelphia, PA — November 7, 2024 — Lee & Associates of Eastern Pennsylvania has released its Q3 2024 Industrial Market Report, highlighting robust activity and notable trends across key submarkets in Eastern Pennsylvania. The region continues to demonstrate resilience with steady leasing activity, increased construction deliveries, and a balanced development pipeline. Key Highlights from Q3 2024: Declining Vacancy Rates Driven by Class A and B Leasing The Philadelphia region saw a 23-basis point drop in…

Philadelphia, PA, August 5, 2024 – Lee & Associates of Eastern Pennsylvania is pleased to announce the release of its Q2 2024 Industrial Market Report, providing comprehensive insights and analysis into the industrial real estate market across Eastern Pennsylvania and surrounding submarkets, including Southern New Jersey, Delaware, Northern Maryland, Northern Virginia, and Northern West Virginia. Key Findings: Overall Market Trends: Vacancy rates across the Philadelphia Region have risen for the second consecutive quarter, now approaching…