Added May 01 2018

...delivered a 225,875-square-foot expansion that was promptly occupied by Ace Hardware, while 305 East Church Road in Montgomery County, a 49,102-square-foot building, delivered vacant. The I-81/78...

...loss. In Philadelphia County, Cardone Industries’ 1.325-million-square-foot distribution center, located at 5501 Whitaker Avenue, was put on the market for sale or lease. That disappointing news was offset by...

...offset by the following new deals: Dependable Distributions moved into 332,640 square feet at 9801 Blue Grass Road and 185,000 square feet at 11200 Roosevelt Boulevard, and Rainbow occupied 365,000 square...

...332,640 square feet at 9801 Blue Grass Road and 185,000 square feet at 11200 Roosevelt Boulevard, and Rainbow occupied 365,000 square feet at 2951 Grant Avenue. All things considered, vacancy...

...000 square feet at 11200 Roosevelt Boulevard, and Rainbow occupied 365,000 square feet at 2951 Grant Avenue. All things considered, vacancy for the quarter still ticked up 10 basis points to 6...

Original article
https://philadelphiapact.com/new-warehouse-deliveries-drive-absorption-gains-3/
Date published
May 1, 2018
    New Warehouse Deliveries Drive Absorption Gains
    Philadelphia, PA (April 30, 2018) - Newmark Knight Frank (NKF) released its first-quarter 2018 reports for Greater Philadelphia and the I-81/78 Corridor industrial markets. The combined markets closed the period with 0.8 million square feet of occupancy gains. Quarter-over-quarter, the combined vacancy rate stayed flat at 6.6 percent as the market remained extremely tight.
    https://philadelphiapact.com

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