Philly Industrial Space

Philly Industrial SpaceWolf Commercial Real Estate specializes in representing a wide range of Philly industrial space for buyers, sellers, tenants and investors.

The team at our Philadelphia commercial real estate brokerage firm is uniquely qualified in all types of industrial space in Philly, from traditional space for warehousing and manufacturing, to industrial flex space for multiple uses under one roof, such as offices, showrooms, warehousing and more. As a leading Philadelphia commercial real estate broker, we offer clients the highest standard of service and unmatched expertise as we partner with them to help them realize their Philly industrial space goals.

Buying Philly Industrial Space

For buyers and tenants looking for new industrial space in Philadelphia, the knowledgeable team at our Philadelphia commercial real estate brokerage firm is experienced in identifying the available industrial space in Philly that is the best match for your specifics needs. We assure that the sale or lease terms of your new Philadelphia industrial space complements your real estate goals, and we’re with you from the beginning of the process to the very end in order to facilitate a smooth transition into your new Philly industrial space. At Wolf Commercial Real Estate, we have the people, the power and the connections to get you the right industrial space in Philadelphia at the right price.

Selling Philly Industrial Space

For owners looking to sell or lease their industrial space in Philly, there is nothing better than the defined marketing process that our Philadelphia commercial real estate specialists developed and then tailor for each property and sub-market. This comprehensive and proven marketing strategy works exceedingly well to match buyers and tenants with available Philadelphia industrial space.

Whether you are looking for new industrial space in Philadelphia, or seeking buyers or tenants for your available Philly industrial space, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need to make your commercial real estate goals a reality.

Search Our Commercial Real Estate Listings

Industrial Vacancy Rate in Philly Shows Quarterly Increase

The Philadelphia industrial real estate market ended the second quarter of 2017 with a vacancy rate of 5.9 percent.

The vacancy rate was up over the previous quarter, with net absorption totaling positive 1,782,519 square feet in the second quarter. That compares to positive 9,931,174 square feet in the first quarter 2017. Vacant sublease space in the Philadelphia commercial real estate market increased in the quarter, ending the quarter at 1,193,014 square feet.

This report on national and Philadelphia industrial commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

The flex building market recorded net absorption of positive 428,315 square feet while the warehouse building market consisting of Philadelphia commercial real estate properties recorded net absorption of positive 1,354,204 square feet in the second quarter 2017.

Tenants moving into large blocks of space that were among 2017 Philadelphia industrial commercial real estate listings include: Uline moving into 1,070,000 square feet at Liberty Business Center III – Building 1, Mattel moving into 1,002,000 square feet at 575 Old Forge Road, and PepsiCo moving into 502,754 square feet at 545 Oak Hill Road.

Rental rates in the commercial real estate market of Philly industrial space ended the second quarter at $4.84, a decrease over the previous quarter.

A total of 14 buildings added to the Philadelphia industrial commercial real estate listings in the quarter totaling 5,075,807 square feet, with 15,226,755 square feet still under construction at the end of the quarter.

For more information about Philly industrial space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly industrial space.

Wolf Commercial Real Estate is a Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Philly Industrial Space for Sale at 14 City Shirt Road in Frackville

Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm that specializes in Philly commercial real estate listings and services, is now offering highly visible Philly industrial space for sale at 14 City Shirt Road Frackville PA.

This Philly industrial building for sale has +/- 80,000 sf of Frackville industrial space for sale. Also, this Frackville industrial building includes +/- 5,000 sf of office area. The asking sale price for this industrial space in Philly is $1,100,000.

This Philly industrial space for sale at 14 City Shirt Road Frackville PA is being offered for immediate occupancy by Wolf Commercial Real Estate, a Philly commercial real estate broker with expertise in Philly commercial real estate listings and services.

The year of construction for this Frackville industrial building for sale is approximately 1980 and there is mostly 25-foot by 40-inch column spacing inside this industrial space in Philly. This Philly industrial building for sale at 14 City Shirt Road Frackville PA sits on 5.2 acres and there is a 100 percent wet sprinkler system protecting this Philly industrial building for sale.

This industrial space in Philly is well located, with easy access to the I-81 corridor. There is 12-feet to 16-feet of clear height in one portion of this Frackville industrial building for sale while another section of this Philly industrial building for sale offers clear height of 14-feet to 18-feet.

There are Cambridge gas-fired heating units at this Frackville industrial building for sale through Wolf Commercial Real Estate, a Philly commercial real estate broker with expertise in Philly commercial real estate listings and services.

For more information about this Philly industrial space for sale at 14 City Shirt Road Frackville PA or about any other Philly commercial properties for sale, please contact Lee Fein (215-206-5580; lee.fein@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker.

Wolf Commercial Real Estate is the foremost Philly commercial real estate brokerage firm that provides a full range of Philly commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of Philly commercial properties for lease or sale through the team at our Philly commercial real estate brokerage firm.

Philly Industrial Space for Sale in Frackville

Wolf Commercial Real Estate, a premier Philly commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services, is now offering Philly industrial space for sale at 32 Industrial Road Frackville PA.

This Philly industrial building for sale provides +/- 137,500 sf of Frackville industrial space for sale.  This Philly industrial space for sale includes +/- 12,500 sf of two-story office area. This Philly industrial building for sale sits on a lot that is +/- 36 acres. This industrial space in Frackville has a clear height of approximately 18 feet.

The asking sale price for this Philadelphia industrial space for sale is $2,000,000. This Philly industrial space for sale at 32 Industrial Road Frackville PA is available for immediate occupancy through Wolf Commercial Real Estate, a Philly commercial real estate broker with expertise in Philadelphia commercial real estate listings and services.

This Philly industrial building for sale has a 100 percent wet sprinkler system. The column spacing varies at this industrial space in Frackville. This Philly industrial building for sale has metal halide lighting and there is public water, sewer, and natural gas available at this Philly industrial space for sale.

There are 12 tailgate loading doors at this Philadelphia industrial space for sale.  Most of the tailgate loading doors at this Philly industrial building for sale have pit levelers. This Frackville industrial space for sale at 32 Industrial Road Frackville PA also has one 10-foot-by-14-foot drive-in loading door.

This industrial space in Frackville is being offered for sale through Wolf Commercial Real Estate, a premier Philly commercial real estate broker that specializes Philadelphia commercial real estate listings and services.

This Philly industrial building for sale at 32 Industrial Road Frackville PA has mostly gas-fired, ceiling-hung hot-air units with some gas-fired radiant units. In addition, this Philadelphia industrial space for sale provides easy access to the I-81 corridor.

For more information about this Philly industrial space for sale at 32 Industrial Road Frackville PA, about other Frackville industrial space for sale or about any other Philly commercial properties for sale or lease, please contact Lee Fein (215-206-5580; lee.fein@wolfcre.com) or Jason Wolf (856-857-6301; jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a Philly commercial real estate broker.

Wolf Commercial Real Estate is a leading Philly commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philly commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of Philly commercial properties for lease or sale through the team at our Philly commercial real estate brokerage firm.

Flattening Yields Stifling U.S. and Philly Industrial Sales Volumes

The U.S. and Philadelphia industrial real estate markets are seeing a shortage of bulk warehouse and logistic centers available for sale along with a shift in focus by industrial REITs from acquisition to development. The resultant flattening in yields will likely produce lower investment sales volumes this year throughout the commercial real estate market – including Philly industrial space.

U.S. logistics and light industrial properties investment sales volumes fell 13 percent year-to-year in the first quarter of 2017, even though billions of dollars have been raised for real estate investment by global funds.

Along with increased real estate allocations in the U.S. and Philadelphia commercial real estate markets by pension funds and other groups, buyers face fierce competition for the few available industrial portfolios and individual assets on the market, according to CoStar’s First-Quarter 2017 U.S. Industrial Market Review and Forecast.

This report on national and Philadelphia industrial commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

With the shortage of available industrial property on the market, pricing is at record highs across all tiers. “We’re definitely seeing a bit more caution out there” among investors, said Rene Circ, Director of Industrial Research for CoStar. “While we don’t expect investment sales volume to be higher than last year, we do expect there will continue to be far more buyers than sellers.”

Investors in U.S. and Philadelphia commercial real estate properties have become more disciplined during this cycle, and the duration of low interest rates has gradually adjusted the return expectations of industrial investors, Circ said. Rather than chasing riskier assets in riskier markets, investors appear to be accepting lower going-in yields.

“Appreciation and price growth are slowing and it’s going to be very difficult to get further gains from cap rate compression, especially at the top of the market,” Circ added, “but we will still see very significant embedded net operating income growth over the next couple of years.”

One reason for the deceleration in sales volume regarding both national and Philadelphia industrial commercial real estate listings is a reallocation of capital by publicly traded industrial REITs such as Prologis (NYSE: PLD) and other investors from acquisition to development activity.

The industrial sub index of the CoStar Commercial Repeat Sale Index, bolstered by high occupancy and rent growth, logged the second-highest growth rate in the U.S. commercial real estate market – including Philly industrial space – at 2.3 percent during the first quarter, just behind retail, according to the most recent CCRSI release.

Comparing current average investor yields among U.S. and Philadelphia industrial commercial real estate listings with forecasted rental rate growths, such markets as those in the Jacksonville, Tampa, and Orlando areas, along with Boston and Chicago, are among a shrinking pool that still present attractive buying opportunities for investors, Circ noted.

For more information about Philly industrial space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly industrial space.

Wolf Commercial Real Estate is a Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Philly Industrial Space for Sale in Delano

9 Schultz DriveWolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes Philadelphia commercial real estate listings and services, is now offering Philly industrial space for sale at 9 Schultz Drive Delano Pa.

This Philadelphia industrial building for sale is a one-story Delano industrial building for sale with approximately 146,300 square feet of Philly industrial space for sale.  This Philadelphia industrial space for sale includes a modern, two-story office with air-conditioning and approximately 3,300 square feet of space.

The asking sale price for this industrial space in Philly at 9 Schultz Drive Delano Pa. is available through Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm with expertise in Philadelphia commercial real estate listings and services.

This Philadelphia industrial space for sale is located on approximately 9.5 acres (irregular) directly off I-81 at 9 Schultz Drive Delano Pa.  This Delano industrial space for sale has a steel frame with concrete block and brick veneer.  The floors at this Philadelphia industrial building for sale are reinforced concrete and the roof is flat, built up with metal deck.

This Philly industrial building for sale originally was constructed in 1968 and more than doubled in size in 1988. The original building at this industrial space in Philadelphia features approximately 64,300 square feet of Philly warehouse space for sale.  The columns in this section of this Delano industrial building for sale are spaced mostly at 33 feet by 55 feet.  The 1988 expansion at this Philadelphia industrial space for sale added another 82,000 square feet of Delano industrial space for sale.  The columns in the newer section of this Philly industrial space for sale are spaced mostly at 45 feet by 55 feet.

The entire structure at this industrial space in Philly has 18 feet to 19 feet of clear ceiling height under the bar joist.  The loading facilities at this Philly industrial building for sale feature three tailgate truck docks and two drive-in doors.  This industrial space in Philadelphia is being offered for immediate sale through Wolf Commercial Real Estate, a Philadelphia commercial real estate broker that specializes Philadelphia commercial real estate listings and services.

Site improvements at this Philly warehouse space for sale at 9 Schultz Drive Delano Pa. include a concrete dock apron and staging area; a 50-foot by 78-foot covered, concrete storage pad that is attached to the south elevation of the building addition; a fire loop; and exterior lighting.

This Delano industrial building for sale has a fire protection system that features a fully sprinklered wet system indoors and a dry sprinkler system in the covered outside storage area.

Electrical service in this Philadelphia industrial building for sale is 480/220 volt three phase.  The heat source at this industrial space in Philly is propane. The original building at this Delano industrial space for sale has infrared heating units, while the expansion at this Philly industrial building for sale has floor-mounted, air-rotation, propane-fired hot air furnaces.

This industrial space in Philadelphia features fluorescent lighting in the offices and T-5 lighting in the manufacturing area.  There are adequate restrooms and locker rooms throughout the building at this Philly warehouse space for sale

For more information about this Philly industrial space for sale at 9 Schultz Drive Delano Pa., about other Philadelphia industrial space for sale or about any other Philadelphia commercial properties for sale or lease, please contact Lee Fein (215-206-5580; lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.

Wolf Commercial Real Estate is a leading Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.  Please visit our websites for a full listing of Philadelphia commercial properties for lease or sale through the team at our Philadelphia commercial real estate brokerage firm.

Construction Not Keeping Up with Demand in U.S. and Philadelphia Industrial Space Markets

new Jason stats graphic - June 2015While huge warehouse and distribution mega-boxes get most of the attention from analysts and institutional capital, the unassuming light-industrial market – both across the U.S. and involving Philadelphia commercial properties – has quietly emerged as the sleeper in today’s red-hot U.S. industrial market.

At midyear, the overall industrial sector, including industrial space in Philadelphia, led all major commercial property types in growth of investment sales and rental rate appreciation. The light industrial and manufacturing subtype between 100,000 to 300,000 square feet, nationally and among Philadelphia commercial real estate listings, boasted the highest year-over-year rent growth of any property type at 5.7%, compared to 5.4% for logistics buildings, 4% for office and 3.9% for apartments.

In fact, U.S. light industrial and Philadelphia industrial space are so hot that even older, lower-functioning buildings — many located on infill properties in supply-constrained markets — posted annual rent growth of 6.1%, the strongest rent growth within the entire industrial spectrum, according to a report from The CoStar Group that is being shared by Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm.

Another reason for the spiking rents is that the both the U.S. light industrial and the industrial space in Philadelphia sectors have seen little growth in new supply in the current cycle. Most big-name capital sources remain focused on acquiring and developing mega-logistics properties when searching among both national and Philadelphia commercial real estate listings. These properties are capturing the bulk of industrial net absorption, fueled by the so-called “Amazon effect” of e-commerce as retailers reconfigure their supply chains around same-day or next-day shipping.

Investors may finally be ready to take another look at light industrial development, Philadelphia industrial space and other Philadelphia commercial properties. As rents for these smaller buildings have ticked up, replacement rents now appear to be high enough in many markets to justify new construction.

“Finally, light industrial development is starting to pencil out,” said Rene Circ, CoStar Director of Research, Industrial Property who prepared the report that was shared with Wolf Commercial Real Estate, a top Philadelphia commercial real estate brokerage firm. “The tenants are there, the economy is fine, but the space is not.”

Replacement rents for both national industrial space and industrial space in Philadelphia have been high enough to support construction of larger warehouse and distribution properties on both national and Philadelphia commercial properties for several quarters, and developers have heeded the call. While maintaining a measured pace of development in most markets, logistics construction last year finally passed the average of 120 million square feet under construction annually during the previous expansion cycle between 2002 through 2007.

That said, light industrial construction involving both coast-to-coast and Philadelphia commercial real estate listings has remained stubbornly below its previous cycle average of 40 million square feet under construction annually.

“It’s very unusual for industrial to post this kind of rent growth and beat out the office and multifamily sectors,” Circ said in his report on national and Philadelphia industrial space that echoes the beliefs of the local market experts at Wolf Commercial Real Estate, a highly respected Philadelphia commercial real estate brokerage firm.

For more information about Philadelphia industrial space or any Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) or Leor Hemo (leor.hemo@wolfcre.com) at Wolf Commercial Real Estate, a premier Philadelphia commercial real estate broker that specializes in industrial space in Philadelphia.

Wolf Commercial Real Estate is a Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, industrial buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings and services, provides unparalleled expertise in matching companies and individuals seeking new Philadelphia industrial space with the Philadelphia commercial properties that best meets their needs.

As experts in Philadelphia commercial real estate and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for industrial space Philadelphia for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

No change reported in Philly Industrial Space Vacancy

research-information-graphic-phlThe rate of vacancies in the Philly industrial space market finished the initial three months of 2015 at 8%, according to the latest market trend report from the CoStar Group.

The first quarter Philadelphia industrial space vacancy rate matched that of the fourth quarter of 2014, CoStar said in its First Quarter 2015 Market Report.   Net absorption totaled positive 2,325,770 square feet of industrial space in Philly in the first quarter, compared to positive 2,438,459 in the fourth quarter 2014, CoStar noted.  Vacant sublease space in the Philadelphia industrial space market slipped in the first quarter, ending the quarter at 1,928.064 square feet, according to the report.

Among the top companies taking new industrial space in Philadelphia square in 2015 were Zulily, Inc. moving into 800,250 square feet of Philly industrial space at 10 Emery Street; Amazon.com moving into 700,000 square feet of industrial space in Philly at Ames Dr, and Jacobson Companies moving into 300,000 square feet of industrial space in Philadelphia at Harrisburg Distribution Center #4.

Philadelphia industrial space rental rates finished the first quarter at $4.47, a decrease over the last quarter of 2014, CoStar said.

Eight buildings representing 2,721,284 square feet of industrial space in Philly delivered to the market in the first quarter 2015, with 10,814,461 square feet of industrial space in Philadelphia still under construction by quarter’s end, the report noted.

In comparison to the first quarter 2015 results on the Philly industrial space market, the U.S. National Industrial vacancy rate fell to 7% from the fourth quarter 2014, with net absorption totaling positive 49.59 million square feet in the first quarter, according to the report.  CoStar also said that average rental rates for the national market reached $5.63 in the first quarter, and that 284 industrial buildings delivered to the national market, totaling nearly 37.5 million square feet.

For more information about Philadelphia industrial space or any Philadelphia commercial properties, please call 215-799-6900 to speak to Jason Wolf (215-588-8800-cell; jason.wolf@wolfcre.com), Leor Hemo (215-514-1750-cell; leor.hemo@wolfcre.com) or Lee Fein (215-206-5580-cell; lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new industrial space in Philadelphia with the Philadelphia commercial properties that best meets their needs.  As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for industrial space in Philly for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Deliveries, Construction and Inventory in the Philly Industrial Space Market

research-information-graphic-phlThree new Philadelphia industrial buildings delivered to the Philly industrial space market in the fourth quarter 2014, bringing 327,200 square feet of new Philadelphia industrial space to the market, the CoStar Group reported in its latest market trend report.

In comparison, the third quarter 2014 saw the Philly industrial space market grow with the delivery of four Philly industrial buildings totaling 906,337 square feet, according to CoStar’s Fourth Quarter 2014 Market Report. 

Notable Philadelphia industrial buildings that delivered in 2014 include:  West Hills Business Center – Building A, a 980,000-square-foot facility, and Berks Park 78 – Dollar General, a 906,919-square-foot project, both of which delivered in second quarter 2014 and are now fully occupied, CoStar said.  An additional 16,734,334 square feet of  industrial space in Philly remained under construction as the quarter and the year came to an end, the report said.

Of the Philly industrial buildings still underway at quarter’s end, the largest was Liberty at Shippensburg – Building B, a 1,700,000-square-foot undertaking that has all of its space pre-leased, and Majestic Bethlehem Center – Site 2, a 1,644,450-square-foot facility that also has been 100% pre-leased, the market report said.

Total inventory of industrial space in Philadelphia was 1,030,722,790 square feet in 20,377 Philadelphia industrial buildings at the end of the fourth quarter 2014, according to the report, which also noted that the Philadelphia flex space sector covered 85,676,583 square feet in 3,312 buildings.  There were 2,650 owner-occupied Philly industrial buildings that amounted to 241,093,478 square feet of Philly industrial space.

In comparison to fourth quarter results from the market for industrial space in Philly, the national industrial market saw 240 new industrial buildings deliver, accounting for 41.79 million square feet of new industrial space nationally, the Costar report said.  Construction was ongoing on another 164.7 million square feet of industrial space at the end of the quarter and year.

Nationally, notable deliveries in 2014 included South Washington Park – Building 2, a 227,000-square-foot industrial building in Northern New Jersey, and 2150 Opdyke Road, a 168,000-square-foot project in Detroit, CoStar said, adding that 3507 Pasadena Boulevard, a 600,000-square-foot facility in Houston was still underway at quarter’s end.  Total U.S. industrial inventory was almost 21.15 billion square feet in more than 623,000 buildings at the end of the quarter, the report said.  That total included roughly 90,000 flex buildings, CoStar said.

For more information about Philadelphia industrial space, Philadelphia flex space or any Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com), Leor Hemo (leor.hemo@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate brokerage firm that specialized in Philly industrial space and Philadelphia flex space.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new industrial space in Philadelphia with the Philadelphia commercial properties that best meets their needs.  As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for Philadelphia industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.

Vacancy Rate for Philadelphia Industrial Space Drops

research-information-graphic-phlThe market for Philadelphia industrial space ended the fourth quarter 2014 with a decease in the vacancy rate to 8.1%, according to a new market trend report from the CoStar Group.

The Philly industrial space vacancy rate was down over the third quarter.  Net absorption for the fourth quarter was positive 2,191,632 square feet of industrial space in Philadelphia, compared to positive 2,934,441 square feet in the previous quarter, CoStar’s Fourth Quarter 2014 Market Report noted.  Vacant sublease space in the market for industrial space in Philly was up in the fourth quarter, closing out the quarter at 877,167 square feet, CoStar said.

Among tenants moving into large blocks of Philadelphia industrial space in 2014, CoStar reported, were:  Wal-Mart Distribution, moving into 1,200,000 square feet of Philly industrial space at 2785 Commerce Center Boulevard; Ocean Spray, moving into 980,000 square feet of industrial space in Philadelphia at West Hills Business Center – Building A, and Kane Warehousing, Inc., moving into 955,935 square feet of industrial space in Philly at Distribution Center 6 in the Stauffer Industrial Park.

CoStar said rental rates for Philadelphia industrial space increased over the third quarter, ending the fourth quarter at $4.51.

The fourth quarter saw a total of three buildings delivered to the Philly industrial space market,  totaling 327,200 square feet of industrial space in Philadelphia.  There was another 16,734,334 square feet of industrial space in Philly under development at the end of the quarter.

In comparison to fourth quarter 2014 results in the Philadelphia industrial space market, the U.S. National Industrial vacancy rate declined to 7.2%  in the fourth quarter, CoStar reported.  Net absorption in the fourth quarter stood at positive 81.04 million square feet.  Average rental rates for the national market rose to $5.50 in the fourth quarter, and 240 industrial buildings comprising nearly 41.8 million square feet delivered to the national market in the quarter, CoStar said.

For more information about Philly industrial space or any Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) or Lee Fein (lee.fein@wolfcre.com) at Wolf Commercial Real Estate, a premier Philadelphia commercial real estate brokerage firm that specializes in Philadelphia commercial real estate listings and services.

Wolf Commercial Real Estate is a Philadelphia commercial real estate broker that provides a full range of Philadelphia commercial real estate listings and services, marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.

Wolf Commercial Real Estate, a Philadelphia commercial real estate broker that specializes in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new industrial space in Philly with the Philadelphia commercial properties that best meets their needs.  As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals.  If you are looking for industrial space in Philadelphia for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.

Please visit our websites for a full listing of South Jersey and Philadelphia commercial properties for lease or sale through our Philadelphia commercial real estate brokerage firm.