Figure

Pennsylvania I-78-I-81 Corridor Industrial Figures Q1 2022

01 abr. 2022

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  • The overall vacancy rate for the PA I-78/I-81 Corridor dropped to a record-low 3.8% in Q1 2022 as occupiers expanded into an additional 4.9 million sq. ft. of space.
  • Average asking rents increased to $5.94 per sq. ft., up 3.0% quarter-over-quarter and 15.3% year-over-year.
  • The development pipeline remained robust with 33.5 million square feet under construction, of which 45.1% was pre-leased.