• Occupiers such as Lowes made up a large portion of leasing activity in Q4 2020 as traditional retailers rely increasingly on online sales.
  • The Lehigh Valley logistics market made up nearly half of the overall demand across the PA Corridor with over six million sq. ft. in net absorption.
  • 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.
  • Overall capital markets activity ended the year down roughly 26% from 2019 levels, however investors from all over the world have gained interest in acquiring institutional grade assets across the Corridor.