Eastern PA / Southern NJ industrial real estate market reports

Q4 2025

9.4%

Total vacancy at close of year

The total vacancy rate across the Eastern PA/Southern NJ industrial market increased 180 basis points over the past twelve months, closing 2025 at 9.4%. An oversupply of spec industrial product remains throughout the market, but cracks are beginning to appear within the glut, as leasing volume held steady throughout the year.
35.5 MSF

Total annual leasing volume in 2025

A total of 35.5 MSF of industrial space was leased in 2025, down 5.6% from the 37.6 MSF in leasing volume recorded in 2024. Despite the slight slip in annual volume, on a quarterly basis Q4 ’25 surpassed Q4 ’24 leasing volume by 22.4%, with 8.3 MSF of leasing volume recorded in the fourth quarter of 2025.

20.1 MSF

Total SF delivered in 2025

20.1 MSF of new product was delivered in the last twelve months, a 3% increase from 19.5 MSF delivered in 2024. In terms of active development, there were 18.1 MSF of new product actively under construction at year end, a 13.4% dip from 20.5 MSF of active development at the close of 2024.

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