Amid headlines reporting on mega-leases by the likes of Shopify, Nike, Geodis and Unis in Lehigh Valley in recent years, one industrial property segment has flown under the radar – those measuring 50,000 square feet or less, also known as small-bay industrial facilities. Both vacancy and availability across this segment continue to shrink, despite elevated levels of new construction underway.
Lehigh Valley’s Small-Bay Industrial Market Is Underserved by Recent Construction
Availability of Warehouses Below 50,000 Square Feet Continue To Shrink
CoStar Analytics
May 18, 2023 | 2:21 P.M.
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