Net absorption hit a record-high with 7.9 million sq. ft. of occupancy gains in the second quarter, the highest quarter on record.
The Northeast PA logistics market represented a greater share of new development as scarce space in the Lehigh Valley and Central PA push occupiers and developers to adjacent submarkets.
The PA Corridor realized a boom in new development activity with over nine million sq. ft. added to the pipeline replacing the five million sq. ft. of completed construction in Q4 2020.