Philadelphia's record-setting industrial development boom is winding down after an unprecedented five-year stretch that saw 55 million square feet of industrial space added to the region's inventory. As of March, 12.4 million square feet remain under construction across the Philadelphia region, a 52% decline from the early 2023 peak.
Developers pump brakes on new Philadelphia-area industrial buildings
Availability of area's industrial space still hovers above national average in early 2025
CoStar Analytics
April 1, 2025 | 1:38 P.M.
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