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 regional industrial market posted strong gains in 2013. Overall vacancy rates decreased from 9.7 percent in Q2 to 9.3 percent in Q4. Annual absorption topped 11.8 million square feet, the highest level since 2007. Modern bulk warehouse represented the largest share of absorption, but there was an increase in demand for all product types.
Slow and Uneven Growth
Expectations of a sustained strong rebound in 2013 fell short in the fourth quarter. The regional vacancy rate did not move significantly from the end of the second quarter. Annual absorption, at 125,000 square feet, reflected minimal office demand growth.
The regional retail vacancy rate decreased below the 7.9 percent plateau of the last two years to 7.6 percent. The demand gap between upper-tier complexes and older centers in secondary and tertiary locations, which has been present for several years, has become even more pronounced.
Featured retail, office, industrial & commercial properties.
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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 Winter 2013/14 issue of Knowledge Leader features a cover story on Regus, a leading global provider of adaptable workspace. Also included: Global Relay, a new Global Investor Sentiment report, SABMiller's Latin America's new HQ, and Doug Frye on investing in your social capital.
Download your copy or read online by clicking the link below.
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