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2020 Q4 Eastern Pennsylvania Industrial Big Box Report

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Record-Breaking Occupier Demand

The pandemic has intensified occupier demand for Eastern PA at an unprecedented scale. Occupier transactions in the I-78/I-81 submarkets soared to 29.2 MSF, shattering the previous record by 12 MSF. Development activity is picking up across the region in response to supply shortfalls, notably so along the I-95 corridor where two generational land transactions were completed.

 

I-78/I-81 Submarkets

  • 29.2 MSF Annual Transactions

  • 16.2 MSF Annual Net Absorption

  • 6.7% Annual Market Growth

  • 3.9% Average Asking Rent YOY Growth

 

I-95 Corridor

  • 2.0% Vacancy

  • 6.9% Annual Market Growth

  • $7.93 PSF Average Asking Rent

 

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2020 Q4 Eastern Pennsylvania Industrial Big Box Report

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Kirsten Kurz

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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.

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