The region’s industrial real estate market is starting to show its age, and that means developers may be looking to replace some of the older structures along the I-78/I-81 corridor with newer, more modern and efficient ones. 

Coming off a record-breaking year in 2021, the I-78/I-81 corridor is continuing to experience record low vacancy, record high absorption and record high rents in the commercial real estate market, as well as a construction industry that’s struggling to keep up with demand. 

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. 

As expected, commercial real estate activity along the I-78/I-81 corridor ended 2021 by smashing records.