Philadelphia industrial real estate market reports

Q1 2025

3.8MSF

Total SF leased in Q1 2025

Leasing volume across the Philadelphia industrial market decreased for the second quarter in a row, with a total of 3.8 msf leased in the first quarter of 2025. This equates to a 45% decrease from the 6.8 msf of leased space in Q4 24’, and is 69% below the 5-year moving quarterly leasing average, currently sitting at 12.3 msf.
16.9MSF

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.

$362M

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.

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