• 16.7 million sq. ft. of occupancy gains during 2018 offset 17.6 million sq. ft. of deliveries, a record-breaking amount of new product for the PA I-78/I-81 Corridor.
  • 2018 saw more 1-million-square-foot warehouses deliver compared to any other year. At present, there appears to be enough future demand to continue that trend.
  • In spite of rising interest rates and shrinking yields, the investor interest in the Corridor drove the most robust year of sales activity second only to 2015 when more than $2 billion in sales occurred.
  • While average asking rents pushed nearer to $5.00, portions of the market such as the Lehigh Valley saw leases signed during 2018 that topped the $6.00 mark.
  • Growth in ecommerce sales will continue to translate into growing demand along the PA I-78/I-81 Corridor.