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Suburban Industrial Vacancies Hold at 10%

PHILADELPHIA-The average vacancy rate for industrial properties in the four Pennsylvania counties surrounding Philadelphia remains stable at just under 10%, according to the second-quarter research from the local office of Trammell Crow. Southern Jersey's newer buildings pose strong competition.

By Marita Thomas | Updated on August 14, 2002

PHILADELPHIA-The 141-million-sf suburban industrial market in Bucks, Chester, Delaware and Montgomery Counties remains “relatively stable,” according to Paul Torosian, principal in the local office of Dallas-based Trammell Crow Co. His office’s second-quarter research indicates, “direct vacancy remains below 10%,” he says and has held at that level for the past six quarters.

Overall vacancy, including available sublease space, stands at 10.3%, according to the report.

Leasing activity of 1.8-million sf is consistent with the previous year’s activity.

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