Consumer demand is driving the warehouse boom in Central Pennsylvania and Lehigh Valley with ecommerce companies leasing more than half of the space.
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Commercial real estate starting 2022 with more records along I-78/I-81 corridor
Coming off a record-breaking year in 2021, the I-78/I-81 corridor is continuing to experience record low vacancy, record high absorption and record high rents in the commercial real estate market, as well as a construction industry that’s struggling to keep up with demand.
Read More »Industrial tenants should brace for rent increases
Industrial tenants in the region can expect sticker shock when their leases come up for renewal according to a new report by CBRE.
Read More »U.S. sees record year for large warehouses with I-78/I-81 corridor near top
The United States had a record year for large warehouses in 2021 and the I-78/I-81 corridor, running through the Lehigh Valley, Central Pennsylvania and Northeastern Pennsylvania ranked second in the country for these large transactions.
Read More »2021 Commercial real estate market hits records along I-78/I-81 corridor
As expected, commercial real estate activity along the I-78/I-81 corridor ended 2021 by smashing records.
Read More »Record consumer spending continues to drive warehouse space needs
Unprecedented consumer spending is continuing to drive demand for commercial real estate in the Lehigh Valley according to the latest Northeast Industrial Brief from CBRE.
Read More »Record CRE activity continues in region, driven by supply chain concerns
Recent reports of such supply chain problems as the 80,000 cargo shipping containers piled up at the Port of Savannah and ships waiting up to nine days to offload their cargo, illustrate why the commercial real estate market is booming in Eastern Pennsylvania along the I-78/I-81 corridor.
Read More »Light industrial rents skyrocket 30% in Northeast, but the Lehigh Valley may benefit
Rent prices for logistics facilities in the Northeast U.S. Corridor are skyrocketing, but that may be good news for developers and property managers in the Lehigh Valley and Central Pennsylvania.
Read More »CBRE names Beares to lead regional market
CBRE has named Rija Beares to lead its Greater Philadelphia Region, which includes both the Lehigh Valley and Central Pennsylvania in addition to downtown and suburban Philadelphia, Delaware and Southern New Jersey.
Read More »California developer buys Schuylkill logistic center for $25.7M
CBRE reports that it arranged the sale of the nearly 2.4 million-square-foot Rausch Creek Logistics Center in Valley View to California-based Panattoni Development Co.
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