Colliers International has recently released its Eastern Pennsylvania Industrial Big Box Market Report, highlighting record breaking transaction volume in Q2 that sets the region up for a record-breaking year looking ahead. Industrial tenants are clamoring for new or build-to-suit space and rents are growing based on their willingness to pay a premium for it. Transactions are up, yet second and older gen space continues a trend of increasing vacancy. All in all, Eastern PA remains a balanced market with stable growth in a post-COVID environment.
Colliers’ market brokers and research teams provide valuable intelligence covering market inventory, asking rents, vacancy rates, new and notable transactions, and more across the Northeastern Pennsylvania logistics market.
Notable Transactions, Market Statistics and Comparisons in the full report.
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