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Industrial tenants should brace for rent increases
Industrial tenants in the region can expect sticker shock when their leases come up for renewal according to a new report by CBRE.
U.S. sees record year for large warehouses with I-78/I-81 corridor near top
The United States had a record year for large warehouses in 2021 and the I-78/I-81 corridor, running through the Lehigh Valley, Central Pennsylvania and Northeastern Pennsylvania ranked second in the country for these large transactions.
2021 Commercial real estate market hits records along I-78/I-81 corridor
As expected, commercial real estate activity along the I-78/I-81 corridor ended 2021 by smashing records.
Record consumer spending continues to drive warehouse space needs
Unprecedented consumer spending is continuing to drive demand for commercial real estate in the Lehigh Valley according to the latest Northeast Industrial Brief from CBRE.
Record CRE activity continues in region, driven by supply chain concerns
Recent reports of such supply chain problems as the 80,000 cargo shipping containers piled up at the Port of Savannah and ships waiting up to nine days to offload their cargo, illustrate why the commercial real estate market is booming in Eastern Pennsylvania along the I-78/I-81 corridor.
Light industrial rents skyrocket 30% in Northeast, but the Lehigh Valley may benefit
Rent prices for logistics facilities in the Northeast U.S. Corridor are skyrocketing, but that may be good news for developers and property managers in the Lehigh Valley and Central Pennsylvania.
CBRE names Beares to lead regional market
CBRE has named Rija Beares to lead its Greater Philadelphia Region, which includes both the Lehigh Valley and Central Pennsylvania in addition to downtown and suburban Philadelphia, Delaware and Southern New Jersey.
California developer buys Schuylkill logistic center for $25.7M
CBRE reports that it arranged the sale of the nearly 2.4 million-square-foot Rausch Creek Logistics Center in Valley View to California-based Panattoni Development Co.
Construction boom continues for Light Industrial properties along I-78/I-81 corridor
The overwhelming demand for light industrial and warehousing space along the I-78/I-81 corridor should last through the end of the year and likely beyond, said Vince Ranalli, executive vice president for CBRE.
As demand for industrial space rises, River Pointe developers expand building plans
As demand for light industrial and logistics facilities continues to outpace available space, developers are making changes to the plans for River Pointe Commerce Park in Upper Mount Bethel to meet that demand.
Fashion industry logistics provider coming to Phillipsburg
A logistics provider to the fashion industry is moving into the newly developed Bridge Point 78 in Phillipsburg, New Jersey.
J.G. Petrucci buys Iron Run properties in Upper Macungie
J.G. Petrucci Co. Inc. has expanded its industrial portfolio with the acquisition of two properties on Snowdrift Road in Upper Macungie Township.
