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.
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Aging Industrial properties help to drive new construction demand
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.
Read More »Logistics company hiring 200+ seasonal workers in the Lehigh Valley
Global transport and logistics provider GEODIS said it plans to hire approximately 215 seasonal workers in the Allentown area in preparation for peak season.
Read More »Number of 1 million-square-foot warehouses at record level
The Lehigh Valley isn’t just getting more warehouses. The warehouses are also getting bigger.
Read More »DHL Express to vote on new contract this month
Local union leaders representing Teamsters at DHL Express unanimously endorsed a tentative DHL National Master Agreement.
Read More »Local investment in warehouse growth fueled by consumer demand
Consumer demand is driving the warehouse boom in Central Pennsylvania and Lehigh Valley with ecommerce companies leasing more than half of the space.
Read More »Maryland logistics firm acquires Bethlehem property
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.
Read More »Crow Holdings plans large logistics center in Berks County
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.
Read More »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.
Read More »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.
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