(Read more on the industrial market.)
PHILADELPHIA-The overall industrial market throughout the MSAremained active during the first quarter of the year, according todata from several area brokerage firms. CB Richard Ellis puts thevacancy rate at 6.1%, down from nearly 6.3% in the final quarter of2006.
CBRE statistics encompass 17 counties in Pennsylvania, NewJersey and Delaware. Cushman & Wakefield data covers a narrowergeography and puts the overall area's industrial vacancy at 9%. Itsreport notes, "This is the lowest overall vacancy rate for theindustrial market in five years," and says it is 120 basis pointsbelow the total vacancy for the same quarter a year ago.
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