Occupiers such as Georgia-Pacific and Mars Petcare committed to over one million sq. ft. of space across the PA I-78/I-81 Corridor.
Northeast PA realized the largest share of demand boasting nearly two million sq. ft. of net absorption in Q1 2021.
Development activity increased by more than three million sq. ft., now totaling over 18 million sq. ft. of warehouse and distribution product under construction across the PA Corridor.
Overall capital markets activity cooled in Q1 2021 generating over $100 million in investment activity as 2020 ended the year achieving nearly one billion in total capital markets activity.