The Metro Philadelphia industrial market recorded nearly one million sq. ft. of net absorption from a variety of industries.
Transportation and logistics occupiers made up a large majority of overall leasing activity in Q1 2021.
Overall average asking lease rates in the Metro Philadelphia industrial market recorded an all-time high of $6.90-per-sq.-ft. across all product types.
Capital investment volumes in Q1 2021 totaled over $685 million nearly exceeding all capital investment during 2020 for the region.