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2020 Mid Year Eastern Pennsylvania Industrial Big Box Report

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By Kirsten Kurz

Accelerating Transaction Volume in Post-COVID Environment

Key Takeaways

  • Eastern Pennsylvania maintained persistent growth post COVID-19. Occupier transactions accelerated in 2020 with quarterly transaction volume well above historical norms in Q1 and Q2.

  • Further acceleration is expected in the second half of the year based on the substantial volume of new requirements searching the market. There is strong potential for a record-breaking amount of annual transactions.

  • Year-to-date deliveries are down year-over-year, 4.7 MSF vs. 6.0 MSF. Pennsylvania was one of the few states to issue a brief stay on most construction activity in response to the coronavirus, delaying some deliveries and starts.

 

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2020 Mid Year Eastern Pennsylvania Industrial Big Box Report

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Kirsten Kurz | Colliers | Conshohocken

Kirsten Kurz

Market Analyst

Conshohocken

+1 610 615 1837
Email

Kirsten joined Colliers International in 2016 as a dedicated market analyst for the Eastern Pennsylvania Logistics Team. She specializes in market research, spatial analysis,  and data management , focusing exclusively on industrial big-box product. Kirsten is the primary author of the team's published research reports, produces labor and demographic studies,  and provides custom analytical services to the team's institutional client base. She enhances the Logistics group’s ability to provide exemplary service and works in conjunction with the Colliers in-house marketing and research departments to provide clients with greater access to our full suite of services.

Kirsten holds a Professional Science Master's in Geographic Information Systems from Temple University, giving her a strong foundation in data management and analysis.  She is an adept user of a variety of geospatial and database programs. Her role at Colliers builds on prior experience conducting market and due diligence research for Peaceable Street Capital, a financing platform of commercial real estate properties. 

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