Posts Tagged: Commercial Real Estate

Neighboring Markets Might Be Siphoning Industrial Demand Away From Lehigh Valley

The Lehigh Valley, Pennsylvania, logistics sector has been successful for so long that it almost feels immune to risk. But things are starting to look interesting one quarter into the year. CoStar data shows industrial demand within Lehigh Valley cooled off somewhat in 2020. The market’s vacancies climbed by roughly 2% during the turbulent year, and… Read more »

Lehigh Valley Industrial Market Well Positioned for 2021

Market Posted Year-Over-Year Rent Growth of Nearly 5.5% Last Year The Lehigh Valley, Pennsylvania, industrial market took everything COVID-19 dished out without missing a beat. And it appears ready for whatever 2021 may throw its way. Lehigh Valley’s unique location and proximity to every major city along the northeastern shore meant at the start of the shutdown,… Read more »

Bridge Development, Link Team on Lehigh Valley Industrial Project

Region Experiences Surge in New Logistics Hubs Link Logistics Real Estate is teaming up with Bridge Development Partners to create a 480,000-square-foot industrial campus on a 60-acre site in the Lehigh Valley in Pennsylvania, a hot spot for such projects. Bridge, headquartered in Chicago, assigned the contract for the vacant site at 428 E. Moorestown Road… Read more »

ShipHero Subleases Lehigh Valley Warehouse

ShipHero has subleased a warehouse facility at 6736 Tilghman St. in Allentown, Pennsylvania. The U.S. multinational e-commerce logistics company is taking the entire 150,0000-square-foot industrial building called Iron Run Distribution Center II. ShipHero will use the Lehigh Valley warehouse as a fulfillment center. It will be the company’s ninth location in the country. The 150,000-square-foot building was… Read more »

Lehigh Valley Not Terribly Affected by Coronavirus Through the Second Quarter

The coronavirus caused some minor disruption to Pennsylvania’s Lehigh Valley logistics market through the second quarter, but fallout from the pandemic was largely limited to investment activity. Roughly 60 deals closed through 2020’s tumultuous first two quarters, but only a handful finalized from April through June. With one exception, these were small properties trading between local buyers…. Read more »

Census: Lehigh Valley Leads Pa. in Working-Age Population Growth

The latest data released by the U.S. Census Bureau involving national and Lehigh Valley commercial real estate markets shows Pennsylvania continues struggling to lure new industries and working age residents. The U.S. population aged 20-64 increased by 0.25 percent last year, but of Pennsylvania’s 67 counties, only seven surpassed this growth rate and 55 experienced… Read more »