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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.

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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.

 

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