📰Greater Philadelphia’s industrial vacancy rate may have just peaked, according to the 𝗣𝗵𝗶𝗹𝗮𝗱𝗲𝗹𝗽𝗵𝗶𝗮 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗝𝗼𝘂𝗿𝗻𝗮𝗹. With vacancy now at 8.6% and new supply slowing, demand is shifting toward smaller warehouse spaces under 300,000 SF, where tenant interest remains strong.
Our Managing Partner 𝗗𝗮𝘃𝗶𝗱 𝗚𝗿𝗲𝗲𝗸 shared how building flexibility is proving critical in today’s market, noting that properties designed to accommodate smaller tenants are performing better in both bull and bear markets.
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