Philadelphia industrial real estate market reports

Q3 2022

Leasing fundamentals are still very strong although headwinds could arise with new supply coming to market.
887 MSF


Eastern Pennsylvania and Southern New Jersey’s industrial has reached its highest inventory supply on record surpassing 885M SF.

5.9 MSF

Net absorption

Net absorption has reached 5.9M SF in Q3 as the market remains near equilibrium.

Direct asking rent

Rents remain at record high levels, with the current market average sitting just below $7 PSF.
60 MSF


Current availabilities continue to hover at 60M SF across the market.


The vacancy rate across the market increased for the first time in over 12 months, currently at 4.8% up 50 basis points from last quarter.
$107 PSF

Average investment sales price

Overall market volatility continues along with hawkish monetary policy, with the 12-month trailing avg price per SF currently at $107 PSF.
Download the Philadelphia Industrial Market Report

Your source for the latest Philadelphia industrial real estate reports

Stay on top of current trends affecting the industrial real estate sector in the Greater Philadelphia Area. Gain an overall better understanding of Greater Philadelphia's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in Greater Philadelphia.

Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of the Greater Philadelphia industrial real estate market.

Get the latest Philadelphia industrial market reports right in your inbox