After about two years of record setting growth, commercial real estate firm, CBRE is reporting that leasing activity slowed within the PA I-78/I-81 Corridor logistics market in 2022, posting as little as half of 2020's total.  

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. 

Global transport and logistics provider GEODIS said it plans to hire approximately 215 seasonal workers in the Allentown area in preparation for peak season.  

The Lehigh Valley isn’t just getting more warehouses. The warehouses are also getting bigger. 

Local union leaders representing Teamsters at DHL Express unanimously endorsed a tentative DHL National Master Agreement. 

Consumer demand is driving the warehouse boom in Central Pennsylvania and Lehigh Valley with ecommerce companies leasing more than half of the space.

Annapolis, Maryland-based Realterm, a global operator of logistics real estate for the transportation industry, said it has acquired a fully leased, 44.98-acre secured parking and maintenance facility located at 1245 Easton Road in Bethlehem.  

Crow Holdings Industrial, the industrial development company of Dallas-based Crow Holdings, purchased a 60-acre property in November from the Greater Berks Development Fund (GBDF), the economic development arm of the Greater Reading Chamber Alliance.

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.

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.