NEWS

Mechanicsburg, PA — April 2025 — Lee & Associates of Eastern Pennsylvania has released its Q1 2025 Industrial Intel report, offering a data-driven snapshot of an industrial market in transition. Following an extended period of rapid expansion, the region has clearly entered the hyper-supply phase of the real estate cycle. Total square footage under construction dropped below 16 million square feet this quarter—down 46% from the same time last year, and a steep fall from…

Plymouth Meeting, PA – February 2025 – Lee & Associates, a leading commercial real estate firm in Eastern Pennsylvania, is proud to announce the successful progression of Phase II of the Carson33 project in collaboration with Carson Companies. This milestone marks the ongoing partnership between Lee & Associates and Carson Companies as they continue to deliver exceptional industrial real estate opportunities in the Lehigh Valley. The Carson33 project is located on Route 33 in Palmer…

Plymouth Meeting, PA – January 2025 – Activity continues in the Lehigh Valley industrial market. American Overhead Door & Dock LLC has found its new home at 632 Grammes Lane in Allentown, PA. This 14,750-square-foot industrial suite, visible from Route 78, offers unmatched accessibility for the company to expand and better serve its growing customer base. Matt Macdonald and Jimmy Franchetti represented the landlord to establish occupancy on December 1st, 2024.  “This location is strategic…

Mechanicsburg, PA – January 2025 – Lee & Associates of Eastern Pennsylvania has released its Q4 2024 Industrial Intel report, highlighting the dynamics shaping the Greater Philadelphia Region logistics real estate market, which includes Central Pennsylvania, Lehigh Valley, Northeast Pennsylvania, Metro Philadelphia, Southern New Jersey, and Delaware. While the region continues to deliver new opportunities for tenants, increasing vacancy rates and an influx of speculative (SPEC) developments are exerting pressure on the market. When compared…

Plymouth Meeting, PA – January 8, 2025 – The NJ-73 corridor is set to welcome a new industrial development with the recent acquisition of a fully entitled 25-acre land site at 7 Waterford Road. PNK Holdings, LLC acquired the site from Quad Partners, LLC in a $8.2 million transaction that closed on December 3, 2024. This development is designed to support warehouse distribution and light manufacturing with the sale marking a significant milestone for the…

Philadelphia, PA — November 7, 2024 — Lee & Associates of Eastern Pennsylvania has released its Q3 2024 Industrial Market Report, highlighting robust activity and notable trends across key submarkets in Eastern Pennsylvania. The region continues to demonstrate resilience with steady leasing activity, increased construction deliveries, and a balanced development pipeline. Key Highlights from Q3 2024: Declining Vacancy Rates Driven by Class A and B Leasing The Philadelphia region saw a 23-basis point drop in…

Plymouth Meeting, PA – September 25, 2024 – Lee & Associates of Eastern Pennsylvania is excited to announce the addition of Margo S. Mocarski as our new Senior Vice President. With almost 25 years of experience in commercial brokerage, Margo brings a wealth of knowledge, expertise, and strong industry relationships to strengthen our team further. Margo has focused on occupier representation throughout her career, establishing long-term advisory relationships across various sectors, including national warehousing, pharmaceuticals,…

Johnstown, PA – August 29, 2024 – Lee & Associates of Eastern Pennsylvania proudly announces the successful addition of Lifeline Medical Centers to the 42 North Dental practice building at 1415 Eisenhower Boulevard, Johnstown, PA. This transaction expands Lee & Associates’ presence in the commercial medical office building (MOB) real estate market and highlights our commitment to meeting the diverse needs of healthcare providers. 1415 Eisenhower is a versatile, one-story medical office building featuring two suites…

Philadelphia, PA, August 5, 2024 – Lee & Associates of Eastern Pennsylvania is pleased to announce the release of its Q2 2024 Industrial Market Report, providing comprehensive insights and analysis into the industrial real estate market across Eastern Pennsylvania and surrounding submarkets, including Southern New Jersey, Delaware, Northern Maryland, Northern Virginia, and Northern West Virginia. Key Findings: Overall Market Trends: Vacancy rates across the Philadelphia Region have risen for the second consecutive quarter, now approaching…