Market Overview

Bucks County is located strategically in the Northeast Corridor, accessible to nearly every kind of transportation network available, with Philadelphia as its nucleus. New York City is only 75 miles; Baltimore, 120 miles; Washington DC, 158 miles; and Boston, 288 miles. One third of the nation's population resides within a one-day drive of Bucks County, making it a prime location for the transport of goods and services not only throughout the Eastern Seaboard, but also throughout the world.

From Bensalem to Quakertown, the Bucks County real estate market offers a very broad range of properties and communities to call "home" for your business.    

According to recent data, the Bucks County industrial market contained over 52 million square feet, with a vacancy rate of approximately 2.7%. Average sale prices for industrial space range from $89 to $100 per square foot. Average asking rent is $6.10 square foot triple net.    

There is 58 million square foot of Office space in suburban Philadelphia market, 26 million square foot is considered Class A and 32 million Class B. Class A has a vacancy rate of 11.3% and Class B 14.6%.  Asking rent is $28.17 per square foot for Class A and Class B is $22.47 per square foot.


Bucks County is part of the Suburban Philadelphia.

 

Source: www.collier.com/Markets/Philadelphia, Q1 2019 Research & Forecast Report.