Philadelphia industrial real estate market reports
Q1 2025

Total SF leased in Q1 2025
Total SF under construction
Total SF actively under construction measured 16.9 msf at the close of Q1 25’, marking the first time active development has fallen below 20 msf since Q2 17’. Record amounts of new product deliveries coupled with decreased absorption, continue to place downward pressure on new groundbreakings.
Total Q1 2025 investment volume
Total investment volume in the first quarter of 2025 reached $362million, an 82% YoY increase compared to Q1 24’ which recorded $199 million in investment volume. First quarter investment sales volume was driven by second generation Class B & C assets trading as value-add buyers continue to pursue acquisitions in Philadelphia.
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