Dir: +1 215 928 7505
1317 Route 73
Mount Laurel, NJ 08054
Main: +1 856 234 9300
Fax: +1 856 222 1115
Ten Penn Center
1801 Market Street
Philadelphia, PA 19103
+1 215 925 4600
7535 Windsor Drive
Allentown, PA 18195
+1 610 770 3600
Eight Tower Bridge
161 Washington Street
Conshohocken, PA 19428
+1 610 684 1850
300 N. Second Street
Harrisburg, PA 17101
+1 717 730 3752
300 Delaware Avenue
Wilmington, DE 19801
+1 302 425 4000
The industrial markets regained a healthier supply-demand dynamic during the first two quarters of 2013. Absorption was at the highest six-month level since mid-2006. The Lehigh Valley, Northeast Pennsylvania and the Southern I-81/I-83 Corridor continued to account for the largest share of absorption, but demand also increased in the Bucks County and Southern New Jersey submarkets.
Demand in the Greater Philadelphia office market backpedaled during the second quarter of 2013. Although there was a minor occupancy loss, absorption is predicted to rebound and vacancy should decrease in the third and fourth quarters.
The regional retail vacancy rate remained at 7.9 percent, where it has been stuck for the last year. There was some re-leasing of larger vacancies, but not enough to impact the sizeable inventory of vacant anchor stores. In addition, Bottom Dollar closed stores in Reading and two in Montgomery County; Weis Market vacated a Lancaster location and Kmart shut its Warminster, Bucks County store.
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Colliers International's Industrial Division facilitated the lease between Crayola LLC and Majestic Realty Company for a new 800,000 square-foot, $40 million distribution center.
The Fall 2013 issue of Knowledge Leader features a cover story on Energy Tower at City Center, the landmark new project in Midland, TX, that's the emblem of the energy renaissance that's transforming the Gulf Coast. Also included: Activity-based workspaces, economic development agencies, in-store fulfillment, and a zero-waste golf event.
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