Bucking the national trend, Philadelphia's industrial development saw a resurgence in construction levels in recent quarters. After falling to a three-year low at the end of 2023, the region's active pipeline of industrial construction has spiked by 28% since then.
Industrial development stages a resurgence across Philadelphia region in 2024
A total of 17.3 million square feet is under construction, with another 75 million square feet in the proposal stage
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