X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Pennsylvania industrial market is currently being impacted by two major trends: large tenant consolidations and an increased appetite by institutional capital for industrial product, particularly in the I-81/I-78 corridor.

As recently as five or six years ago, the Pennsylvania industrial market was generally considered to be tertiary in the eyes of many institutional players. With the exception of merchant builders and the development community, Pennsylvania was not widely accepted as a core market. But times have changed: Today, nearly all institutional parties consider the region encompassing the Lehigh Valley, Central and Northeastern Pennsylvania as a core industrial market. It is hard to ignore the excitement of this market, with a consistent pipeline of tenant activity floating around 15 million square feet and more than 60 million square feet of development over the past six years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.