{"id":4766,"date":"2022-02-20T08:58:00","date_gmt":"2022-02-20T13:58:00","guid":{"rendered":"https:\/\/www.lee-associates.com\/pennsylvania\/?p=4766"},"modified":"2022-03-09T08:59:03","modified_gmt":"2022-03-09T13:59:03","slug":"q4-philadelphia-industrial-market-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/easternpa\/2022\/02\/20\/q4-philadelphia-industrial-market-report\/","title":{"rendered":"Q4 Philadelphia Industrial Market Report"},"content":{"rendered":"<div id=\"pl-4766\"  class=\"panel-layout\" ><div id=\"pg-4766-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-4766-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-4766-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-4778 aligncenter\" src=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/03\/vac-512x238.png\" alt=\"\" width=\"512\" height=\"238\" srcset=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/03\/vac-512x238.png 512w, https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/03\/vac-768x358.png 768w, https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/03\/vac.png 900w\" sizes=\"auto, (max-width: 512px) 100vw, 512px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>The Philadelphia Regional Industrial Market experienced 4.1 MSF of net absorption for Q4\u201921 as the market settled into structurally-low vacancy rates. Year-end total net absorption was a record-breaking 41.2 MSF, which combined with delayed construction schedules, contributed to historic-low vacancy rates. Vacancy dropped by 40 bps over the course of Q4\u201921; for CY 2021 vacancy was down by 423 bps.<\/p>\n<p>Over 33 MSF of new construction deliveries are projected for the first half of 2022. While the new space is likely to raise vacancy rates in the near term, they are expected to remain well below structural levels despite the surge in deliveries. As a result, expect continued rent growth throughout the coming year as developers continue to act opportunistically.<\/p>\n<\/div>\n<\/div><\/div><\/div><div id=\"pgc-4766-0-1\"  class=\"panel-grid-cell\" ><div id=\"panel-4766-0-1-0\" class=\"so-panel widget widget_gform_widget gform_widget panel-first-child panel-last-child\" data-index=\"1\" ><h3 class=\"widget-title\">Q4 2021 Industrial Market Report Download<\/h3><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Philadelphia Regional Industrial Market experienced 4.1 MSF of net absorption for Q4\u201921 as the market settled into structurally-low vacancy rates. Year-end total net absorption was a record-breaking 41.2 MSF, which combined with delayed construction schedules, contributed to historic-low vacancy rates. Vacancy dropped by 40 bps over the course of Q4\u201921; for CY 2021 vacancy was down by 423 bps. Over 33 MSF of new construction deliveries are projected for the first half of&#8230;<\/p>\n","protected":false},"author":24,"featured_media":4784,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1212],"tags":[29,1256,16,17,1259,1258,1260,1040,1257],"class_list":["post-4766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research","tag-commercial-real-estate","tag-industrial-market","tag-lee-associates","tag-lee-associates-of-eastern-pennsylvania","tag-lee-and-associates","tag-market-report","tag-pa-market","tag-philadelphia","tag-philadelphia-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.7 (Yoast SEO v28.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Q4 Philadelphia Industrial Market Report - Eastern Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/easternpa\/2022\/02\/20\/q4-philadelphia-industrial-market-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Q4 Philadelphia Industrial Market Report\" \/>\n<meta property=\"og:description\" content=\"&nbsp; The Philadelphia Regional Industrial Market experienced 4.1 MSF of net absorption for Q4\u201921 as the market settled into structurally-low vacancy rates. Year-end total net absorption was a record-breaking 41.2 MSF, which combined with delayed construction schedules, contributed to historic-low vacancy rates. Vacancy dropped by 40 bps over the course of Q4\u201921; for CY 2021 vacancy was down by 423 bps. Over 33 MSF of new construction deliveries are projected for the first half of...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lee-associates.com\/easternpa\/2022\/02\/20\/q4-philadelphia-industrial-market-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Eastern Pennsylvania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LeeAssociatesPA\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-20T13:58:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-09T13:59:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lee-associates.com\/easternpa\/wp-content\/uploads\/sites\/83\/2022\/03\/BigShip.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"654\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mmurray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@LeeAssociatesPA\" \/>\n<meta name=\"twitter:site\" content=\"@LeeAssociatesPA\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mmurray\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/02\\\/20\\\/q4-philadelphia-industrial-market-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/02\\\/20\\\/q4-philadelphia-industrial-market-report\\\/\"},\"author\":{\"name\":\"mmurray\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/#\\\/schema\\\/person\\\/0182e33a9dba72187921e3ee860d9769\"},\"headline\":\"Q4 Philadelphia Industrial Market Report\",\"datePublished\":\"2022-02-20T13:58:00+00:00\",\"dateModified\":\"2022-03-09T13:59:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/02\\\/20\\\/q4-philadelphia-industrial-market-report\\\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/02\\\/20\\\/q4-philadelphia-industrial-market-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/wp-content\\\/uploads\\\/sites\\\/83\\\/2022\\\/03\\\/BigShip.jpg\",\"keywords\":[\"Commercial Real Estate\",\"Industrial Market\",\"Lee &amp; Associates\",\"Lee &amp; Associates of Eastern Pennsylvania\",\"Lee and Associates\",\"Market Report\",\"PA Market\",\"Philadelphia\",\"Philadelphia Market\"],\"articleSection\":[\"Research\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/02\\\/20\\\/q4-philadelphia-industrial-market-report\\\/\",\"url\":\"https:\\\/\\\/www.lee-associates.com\\\/easternpa\\\/2022\\\/02\\\/20\\\/q4-philadelphia-industrial-market-report\\\/\",\"name\":\"Q4 Philadelphia Industrial Market Report - 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