Adding 20 million square feet in 2016, the Philadelphia industrial market ended the year with nearly 1.1 billion square feet of inventory. To bring this market into focus, Lee & Associates of Eastern Pennsylvania (LAEP) focuses on our Core Data Set (CDS) — specifically buildings 100,000 SF and greater. We also apply this criteria when tracking development and construction activity across the market.In 2016, Central Pennsylvania and the Lehigh Valley accounted for over half of…
Monthly Download | 2016 Year-End Market Update | January 2017
The Philadelphia industrial market grew another 20 million square feet in 2016, ending the year with nearly 1.1 billion square feet of inventory. Within this massive inventory, Lee & Associates of Eastern Pennsylvania focuses on our Core Data Set (CDS) — specifically buildings 100,000 SF and greater. Our two largest submarkets, Central Pennsylvania and the Lehigh Valley, accounted for over half of the new construction activity in 2016, adding 5 million square feet and 6.8…