PHILADELPHIA—The Eastern Pennsylvania Big-Box/Logistics Market posted strong gains across most submarkets so far this year, according to Colliers International's Industrial Logistics & Transportation Solutions Mid-Year Outlook.
Led by the Lehigh Valley/I-78 Submarket, where overall growth topped 8 percent year to date, the performance contributed significantly to overall market growth of more than three percent. This level of growth would rank the Eastern PA Region as one of the most-rapidly growing markets in the US.
The Colliers report examines influencing factors in six major North American distribution markets for industrial properties 300,000 square feet or larger. Colliers' analysis suggests that supply chain modernization—which is still in its infancy—and positive e-commerce sector growth continue to bolster the US industrial real estate market, particularly big-box, which is experiencing a record number of tenants in the market.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
