• The Metro Philadelphia industrial market ended the quarter with over five million sq. ft. in net absorption from numerous industries.
  • E-commerce companies and logistics users made up most of the leasing activity totaling over 50% of all leases signed in Q4 2020.
  • Overall average asking lease rates in the Metro Philadelphia industrial market recorded an all-time high of $6.49-per-sq.-ft. across all product types.
  • Capital investment volumes ended the year down 35% over a 4-quarter aggregate, but realized continued interest from investors looking for institutional, stabilized assets.