NOTEWORTHY NEWS

Colliers Year End Research Reports for PA/SNJ/DE

2020 Q4 Industrial Philadelphia Report Colliers 1

Regional Industrial Market 

Recent Transactions and Market by Market Analysis in the full report.

 

  • The overall regional vacancy rate increased from 6.0% to 6.4% during the first half of 2020.
  • Year-to-date absorption totaled over 23.4 million square feet, more than tripling 2019's mid-year total.
  • Asking rents rose by an additional 3.0% during the last two quarters to $5.60 per square foot or a 7.0% year-over-year increase.
  • The 17.1 million square feet of deliveries in the second half of the year pushed annual total past 2016's high-water mark.
  • Investment demand remained extremely strong, boosted by an increase in sale-leaseback transactions.

To access the full report, https://philadelphia.colliers.com/hubfs/RESEARCH/2020/Q4-Industrial/2020-Q4-Industrial-Philadelphia-Report-Colliers.pdf