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Philadelphia Region Construction Design Trends The numbers above are based on buildings 100,000 SF and up. The information contained in this graphic has been obtained from sources deemed reliable, but no warranty is made as to the accuracy thereof. Certain information is forward-looking in nature and represents estimates of development timing and design, all of which are subject to change. All information is submitted subject to error and omission, as well as a change in…

We know leases can be confusing, we’re here to help! Below are 5 things to consider as you approach the expiration of your lease.   Be aware of any and all critical dates – Know the date of your lease expiration as well as the timing of any renewal option and/or notification periods. Don’t wait – Plan to begin the process no less than 9-12 months in advance of your lease expiration date or renewal…

By: Andrew Wagaman Of The Morning Call Twitter @andrewwagaman Real estate investment companies based in Baltimore and Boston are teaming up to build an industrial park along Route 309 just north of Quakertown. A joint venture between MRP Industrial of Baltimore and Cabot Properties of Boston will break ground this summer on two buildings totaling more than 260,000 square feet on West Pumping Station Road in Richland Township, Bucks County. The 23-acre site, called Park 309,…

Thinking about relocating your business? Here are a few things you should consider when selecting a site. Accessibility: “Location, Location, Location” Access roads; Can they support the volume of traffic your business needs or will off-site improvements be required? Also, toll roads can add cost to your employees & freight. Labor: Unemployment is reaching historic lows. That means tight competition, wage pressure and supply constraints. Consider the labor story when choosing your location. Utilities: Are…

SPEC construction continued to trend upward as Q1 2018 exceeded the prior year average by 20%. BTS construction sustained a steady rise as Q1 2018 kept pace with the prior year and exceeded 2016 average by 24%. For more information on the construction in the Philadelphia Region contact us today!

By: Andrew Wagaman Of The Morning Call A Whitehall Township light industrial building across the Lehigh River from Lehigh Valley International Airport has been sold for $11.65 million. 1788 Holdings LLC, a private real estate investment company based in Bethesda, Md., has acquired the Riverside Business Center at 1139 Lehigh Ave., from Cafritz Interests, a real estate development company based in Washington, D.C. The sale closed March 1, according to county records. The 423,900-square-foot property…

To certain wine lovers, the thought of planting vineyards and producing wine along California’s Central Coast is hardly an extravagant idea, and it may account for the fact that wineries in these parts seldom change hands. So, what’s it take to get in on the fun? To keep costs down, most people start making wine in leased space or in space shared with another winery and using grapes purchased locally. Others plant vineyards on leased…

Gearing up for the holiday season? Wondering when those packages are going to arrive? Planning to get all of your shipments out on time? We are here to help you with an overview of the roadwork affecting your region! Lehigh Valley Great news! The work on I-78 that has been slowing down your trucks between Berks and Northampton Counties will be placed on hold for the holiday season and resume in Spring 2018. When the…

The PHL region experienced a vacancy decrease to 5.71% at the end of the Q3, which was a new record low for the market. Due largely to some notable built-to-suit deliveries, the market recorded over 4.2 million square feet in positive absorption during the quarter. Total absorption YTD has eclipsed 13.7 million square feet, which is an average quarterly pace of almost 4.6 million square feet. At this pace, the Philadelphia Industrial market could eclipse…