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Philadelphia Regional Industrial Report Q3 2022

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Philadelphia Regional Industrial Market

Key Trends

  • The regional vacancy rate dipped to 3.1% in Q3.
  • Quarterly absorption grew by 1.4 million square feet from Q2.
  • Asking rents rose by 3.8%, not as sharply as during the first two quarters.
  • There were fewer transactions overall, but there were multiple large building sales.

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Philadelphia Regional Industrial Report Q3 2022

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