Philadelphia Regional Industrial Market

Key Trends

  • The regional vacancy decreased to 15.9% from the record high level of 16.3% in the 1st quarter.
  • Absorption was positive for the quarter and year-to-date with all markets registering gains in occupancy.
  • Asking rents increased minimally by 0.7% for Class A and 0.2% for Class B.
  • Investment volume for the first two quarters was 20% higher than during the last half of 2021.

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