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.