The regional industrial market had a strong performance during the last two quarters of 2016. In addition to the existing demand drivers of e-commerce, food, electronics and consumer products, a new sector emerged: medical marijuana growers. In Pennsylvania, potential growers and processors are seeking locations in advance of license approvals. In excess of 21.6 million square feet of new construction was completed in 2016, 8.3 MSF of which was in the fourth quarter alone. This was higher than the annual totals for each year from 2009 through 2013.
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