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CBRE 1-78/I-81 Commercial Real Estate Report: ‘If you build it they will come’
Commercial real estate experts were expecting 2020s industrial development boom to continue, but Mike Hess, senior vice president of CBRE in the Harrisburg office said industrial development along the I-78/I-81 corridor was even stronger than expected during the first quarter of the year.
The Lehigh Valley’s logistics boom is impacting wages, construction and infrastructure
Since the start of the COVID-19 pandemic, growth in the e-commerce, logistics and transportation industries, which were already booming in the Lehigh Valley, has gone full tilt.
‘Reverse logistics’ of online holiday returns means boon to local commercial real estate
The COVID-19 pandemic has led to unprecedented online shopping for holiday gifts and supplies. But as anyone who has ever given or received a Christmas present knows – returns are an inevitable part of the process.
Commercial real estate experts look at COVID-19’s impact on market
Surabhi Kejriwal, associate vice president and real estate research leader for Deloitte, said 2020 has been one of the most interesting years she’s seen on the economy and in commercial real estate.
Leasing opens for largest industrial park on East Coast in Mt. Bethel Twp.
CBRE kicked off a major leasing campaign for a 13-building industrial park in Upper Mount Bethel Township that is being billed as the largest planned industrial park along the Eastern Seaboard.
Resilient commercial real estate market thrives along I-78/I-81 corridor
While the shutdown of real estate and construction in Pennsylvania from the COVID-19 pandemic may have slowed the market, a report by CBRE shows that the Greater Lehigh Valley and surrounding regions retained a robust commercial real estate activity during the second quarter.
Jaindl breaks ground on new Buckeye Partners office
Jaindl Land Co. broke ground Wednesday on a commercial office building at 6161 Hamilton Boulevard in Lower Macungie Township that will serve as office space for Buckeye Partners. Buckeye, a global petroleum company, currently has two corporate office locations, one in Houston, Texas and one In Breinigsville, in Tek Park.
Northampton County warehouse sells for $62.5M
LogistiCenter at 33 in Forks Township has been sold for $62.5 million.
E-commerce, storage expected to drive Lehigh Valley’s post-pandemic commercial real estate
The greater Lehigh Valley region is well positioned for the future of commercial real estate according to a report by CBRE looking at the Northeast U.S. market.
Light industrial buildings near LVIA sell for $26.7M
A three-building 380,000-square-foot portfolio of light industrial buildings on Cascade Drive in Hanover Township, Lehigh County has been sold to an investor for $26.7 million.
Demand for affordable housing is strong, so where are the new housing projects?
Construction of market-rate apartments is surging across the nation in both urban and suburban areas, while construction of units for low to moderate-income renters has declined dramatically.
Industrial market report shows strong foundation remains despite oversupply concerns
A fourth quarter report on the industrial real estate market for the Interstate-78/81 corridor shows supply outpacing demand overall during 2019, according to the real estate firm CBRE.
