Source: Delaware Business Now —
A second quarter report from the commercial real estate firm Newmark detected no signs of a slowdown in the industrial real estate market.
Activity in the Greater Philadelphia industrial market, southeastern Pennsylvania, southern New Jersey and Delaware, remains robust.
According to Newmark, there is currently 22.6 million square feet under construction, 84% of which is being developed on speculation. Fuel prices are playing a role, with tenants looking for distribution sites that are closer to their customers.
