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
One Riverwalk Center
110 S. Poplar Street
Wilmington, DE 19801
+1 302 425 4000
Demand Roller Coaster
Following a slowdown during the first half of 2012, the industrial market regained momentum during the last two quarters. There was 3.6 million square feet of build-to-suit deliveries, but the occupancy gains from these buildings were offset by 3.4 million square feet of speculative construction. This is likely to be a temporary increase based on the level of requirements in the market. Bulk activity was strong, but demand for older buildings remained constrained due to the functional limitations of the space.
Top Down Tightening
Bigger Is Not Better
The regional retail vacancy rate remained unchanged at 7.9 percent through 2012. Activity increased from smaller retailers in the 2,000 to 5,000 square-foot range, but there was very limited demand from tenants with larger requirements.
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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 Spring 2013 issue of Knowledge Leader focuses on supply chain and logistics in commercial real estate,
featuring a cover story on Goodman Birtcher, e-commerce distribution centers, onshoring in U.S. manufacturing, and much more.
Download your copy or read online by clicking the link below.
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