NEWS

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…

The Philadelphia Region’s Industrial market vacancy rate edged slightly higher in the first quarter of 2024. Vacancy rose 32 basis points to 6.25%, reflecting negative net absorption of 387,466 square feet (MSF) of space and 1.2 million square feet of unleased speculative construction deliveries. “While vacancy rates ticked up slightly, it’s important to note that overall demand for industrial space in the Philadelphia Region remains healthy,” said Heather Kreiger, Regional Research Director for Lee &…

1. Cost Savings: Often times sublease spaces come at a lower cost compared to leasing directly from the property owner. The Sublessor is likely willing to offer a discounted rate to recoup some of their expenses.   2. Flexibility: Subleasing arrangements can be more flexible in terms of lease duration compared to traditional leases. This can be beneficial for businesses that require short-term or temporary storage solutions without committing to a long-term lease.   3….

Pennsylvania – March 13, 2024 – Lee & Associates, a leader in commercial real estate services, proudly welcomes Eric Stankiewicz as its newest Senior Property Manager. Eric joins the Pennsylvania-based team of Bruce Gordon, Michael Kelly, Mark Christine, and Grace Williams, which manages in excess of 15 million square feet. With over a decade of comprehensive experience in property management, Stankiewicz brings a wealth of knowledge and expertise to Lee & Associates. His extensive background encompasses various…

Joel Kreider, SIOR, and Ed Skonecki of Lee & Associates Facilitate Successful Sale of 12.28 Acres in York, PA [York, PA -March 1, 2024] – Joel Kreider, SIOR, and Ed Skonecki of Lee & Associates are pleased to announce the successful completion of a significant transaction involving the sale of 12.28 acres of prime land located at 85Church Road in York, PA. The transaction was facilitated by Kreider and Skonecki, who represented the Seller Drew…

Denver, PA – [February 13, 2024] – Lee & Associates proudly announces the successful full building lease at 425 S. Muddy Creek Road, Denver, PA, a 117,000 square feet Class A speculative project by Catalyst Commercial Development. The property, strategically located directly at the PA Turnpike/Rt 222 interchange, was completed in the fall of 2023. Featuring 36’ clear heights, ESFR, LED lighting, and outstanding car parking, trailer parking, and visibility. The building exemplifies the high…