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…
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…
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…
Lee Pennsylvania Offices Honored at 2026 Lee Summit for Research Excellence and Leadership
At the 2026 Lee Summit held in Nashville, Tennessee in June, the Lee & Associates Pennsylvania offices were recognized with two honors that reflect the strength of its team and the role that it continues to play across the Lee North American platform. The Lee Pennsylvania offices received the Excellence in Research Award, while Brian Knowles, CCIM, SIOR, President and Managing Principal of Lee & Associates of Eastern Pennsylvania, LLC received the Leaders of Lee award….
Eastern PA Industrial Market Continued to Stabilize in Q1 as Vacancy Declined and Leasing Activity Remained Active
MECHANICSBURG, PA. April 14, 2026 — Lee & Associates of Eastern Pennsylvania reported continued improvement across the Greater Philadelphia region industrial market in the first quarter of 2026, as vacancy declined to 8.44%, positive absorption continued, and a more disciplined construction pipeline helped ease pressure from the post-COVID development cycle. The Q1 report tracks the region’s six primary submarkets: Central Pennsylvania, Lehigh Valley, Northeastern Pennsylvania, Metro Philadelphia, Southern New Jersey, and Delaware. According to the…
Lee & Associates and Focus Central PA Release H2 2025 North Central Pennsylvania Industrial Intel Report
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…