LogistiCenter at 33 in Forks Township has been sold for $62.5 million.

The greater Lehigh Valley region is well positioned for the future of commercial real estate according to a report by CBRE looking at the Northeast U.S. market.

A three-building 380,000-square-foot portfolio of light industrial buildings on Cascade Drive in Hanover Township, Lehigh County has been sold to an investor for $26.7 million.

Construction of market-rate apartments is surging across the nation in both urban and suburban areas, while construction of units for low to moderate-income renters has declined dramatically.

A fourth quarter report on the industrial real estate market for the Interstate-78/81 corridor shows supply outpacing demand overall during 2019, according to the real estate firm CBRE.

With the growth of online grocery sales, investors are starting to show more interest in the cold storage sector, according to a new report from CBRE.

As more and more of these large-footprint stores fade from the retail landscape throughout the Lehigh Valley, their replacements will look a little different.

While a decline in spec development would signify there’s less demand for space and less confidence in the market, CBRE reported strong demand based on interest from those tenants looking for larger space.