Awaiting industrial market equilibrium in the Greater Philadelphia region
- Currently 41.8 million square feet (msf) of new industrial product is actively under construction, with an additional 125 msf of proposed development through 2026.
- 28% of the properties scheduled to deliver in the next 24 months have already been preleased, equating to just over 12.1 msf.
- As new supply continues to be delivered, we expect proposed developments to decrease, as the market absorbs newly added supply.
