B — May 31 - June 13, 2013 — NAI Global — Industrial / Distribution Centers — Mid Atlantic Real Estate Journal
www.marejournal.com
NAI S ummit
NAI Summit Lehigh Valley, PA: First Quarter 2013
O A : $17.25/ I NDUSTR I AL
T
he Lehigh Valley is located in eastern Pennsylvania. The
Historical Overall Vacancy (%)
Availability Report:
The Lehigh Valley is located in eastern Pennsylvania. The third largest in the state, this region is well situated, just 95 miles to New York City and 53 miles north of Philadelphia. The Lehigh Valley offers all of the ameni- The Lehigh Valley is located in eastern Pennsylvania. The third largest in the state, this region is well situated, just 95 miles to New York City and 53 miles north of Philadelphia. The Lehigh Valley offers all of the ameni- ness and industry. What fuels the growth in this region is experience in the area’s 11 institutions of higher learning and its nationally recognized ness and industry. What fuels the growth in this region is experience in the area’s 11 institutions of higher learning and its nationally recognized Due to its excellent highway infrastructure, rail service and the presence of an International airport, the Lehigh Valley market remains an attractive Due to its excellent highway infrastructure, rail service and the presence of an International airport, the Lehigh Valley market remains an attractive Developers are enticed to this area because of its abundant vacant land An enterprising and diversified economy has led to higher income jobs, a - Developers are enticed to this area because of its abundant vacant land An enterprising and diversified economy has led to higher income jobs, a - area their home; Air Products and Chemicals, Inc; B. Braun Medical, Inc;
third largest in the state, this region is well situated, just 95 miles to New York City and 53 miles north of Philadelphia. The Lehigh Valley offers all of the ameni- ties and more than its large urban neighbors. Several factors make the Lehigh Valley an excellent location for business and industry. What fuels the growth in this region is ex- perience in the area’s 11 in- stitutions of higher learning
Historical Overall Vacancy (%)
E xisting RBA:
56,801,599 sq . ft . 52,257,471 sq . ft .
L EAsEd :
L EAsEd P ERcEntAgE :
92.0%
A vAiLABLE :
4,544,128 sq . ft .
A vAiLABLE P ERcEntAgE : 8.0%
Rental Rate Report:
d iREct n Et R Ent i ndustRiAL R AngE : $2.25-$10.30/ yR i ndustRiAL A vERAgE : $3.99/ yR
RETA I L
Overall Market Inventory (SF)
Overall Market Inventory (SF)
area their home; Air Products and Chemicals, Inc; B. Braun Medical, Inc;
and its nationally recognized health care facilities. Due to its excellent high- way infrastructure, rail ser- vice and the presence of an International airport, the Lehigh Valley market re- mains an attractive one to importers, exporters, man- ufacturers and high-tech companies. Developers are enticed to this area because of its abundant vacant land and favorable taxes. An enterprising and di- versified economy has led to higher income jobs, a grow- ing and thriving population and tremendous commercial and industrial growth in this region. Some of the world’s top companies call this area their home; Air Products and Chemicals, Inc; B. Braun Medical, Inc; Crayola and Olympus America; just to name a few. n
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