20 19 - NAI Summit
COMMERCIAL REAL ESTATE SERVICES, WORLDWIDE.
FIRST QUARTER MARKET REPORT 20 19
LEHIGH VALLEY, PENNSYLVANIA
1
FIRST QUARTER
MARKET REPORT
Most Notable Transactions in 2019
PROPERTIES SOLD
Phillipsburg Belvidere Road Submarket: Belvidere, NJ Acres: 650+ Property Type: Industrial/Agricultural Agent: Sarah Finney-Miller
1249 N Quebec Street Submarket: Allentown Square Feet: 55,000 Property Type: Industrial Agent: Mike Adams
PROPERTIES LEASED
101 E Lexington Street Submarket: Allentown Square Feet: 40,000 Property Type: Industrial Agent: Mike Adams
1430 Eck Road Submarket: Allentown Acres: 16+ Property Type: Commercial/Industrial Agent: Mike Adams
2800 Baglyos Circle Submarket: Bethlehem Square Feet: 25,115 Property Type: Industrial/Flex Agent: Mike Adams
1917 Olde Homestead Lane Submarket: Lancaster Square Feet: 18,000 Property Type: Industrial/Flex Agent: Mike Adams
1991 Northampton Street Submarket: Easton Square Feet: 25,000 Property Type: Office Agent: Mike Adams
61 W 2nd Street Submarket: Wind Gap Square Feet: 25,202 Property Type: Industrial/Flex Agent: Mike Adams
New Listings Highlight
AVAILABLE PROPERTIES FOR SALE AND/OR LEASE
3625 & 3443 Shankweiler Road Submarket: Allentown Property Type: Agricultural/ Residential Sale/Lease: Sale Agent: Sarah Finney-Miller
Mike Adams
4001 Schoolhouse Lane Submarket: Center Valley Square Feet: 20,000? Property Type: Office Sale/Lease: Both Agent: Sarah Finney-Miller
Mike Adams
100 Commerce Drive Submarket: Hazleton Square Feet: 18,320 Property Type: Industrial Sale/Lease: Sale Agent: Sarah Finney-Miller
Mike Adams
2
NAI SUMMIT FIRST QUARTER MARKET REPORT
Lehigh Valley Business Center Submarket: Allentown Square Feet: 4,400 & 19,200 Property Type: Industrial/Flex Sale/Lease: Lease Agent: Sarah Finney-Miller
Mike Adams
FIRST QUARTER
MARKET REPORT
2019 Lehigh Valley Report
RENTAL RATE
Vacancy Rate
OFFICE
Net Absorption Construction Asking Rents
Availability Report
Existing RBA*:
28,984,812 SF
Leased:
25,187,802 SF
Leased Percentage:
86.9%
Available:
3,797,010 SF
Available Percentage:
13.1%
Rental Rate Report
Office Range: $8.17-$28.33/YR
Office Average:
$19.11/YR
PERCENTAGE
25
$24.00
20
$22.00
15
$20.00
10
$18.00
5
0 2017 2Q
Vacancy
Rental Rate
2017 3Q
2017 4Q
2018 1Q
2018 2Q
2018 3Q
2018 4Q
2019 1Q
$16.00 $14.00
PERCENTAGE
INDUSTRIAL
10
$10.00
8
$8.00
6
$6.00
4
$4.00
2
0 2017 2Q
Vacancy
Rental Rate
2017 3Q
2017 4Q
2018 1Q
2018 2Q
2018 3Q
2018 4Q
$2.00
2019 1Q
$0.00
RENTAL RATE
Vacancy Rate
Availability Report
Existing RBA*:
125,802,948
Leased:
119,261,195 SF
Leased Percentage:
94.8%
Available:
6,541,753 SF
Available Percentage:
5.2%
Direct Net Rental Rate Report
Industrial Range: $4.90-$8.50/YR
Industrial Average:
$5.15/YR
Net Absorption Construction Asking Rents
Vacancy Rate
R E TA I L
Net Absorption Construction Asking Rents
Availability Report
Existing RBA*:
49,094,312 SF
Leased:
44,823,107 SF
Leased Percentage:
91.3%
Available:
4,271,205 SF
Available Percentage:
8.7%
Direct Net Rental Rate Report
Retail Range: $6.50-$26.15/YR
Retail Average:
$14.28/YR
* RBA: Rentable Building Area
PERCENTAGE
RENTAL RATE
10
$20.00
8
$18.00
6
$16.00
4
$14.00
2
0 2017 2Q
Vacancy
Rental Rate
2017 3Q
2017 4Q
2018 1Q
2018 2Q
2018 3Q
2018 4Q
2019 1Q
$12.00 $10.00
NAI SUMMIT FIRST QUARTER MARKET REPORT
3
FIRST QUARTER
MARKET REPORT
Lehigh Valley Overview
The Lehigh Valley is located in eastern Pennsylvania and is comprised of Lehigh, Northampton, Monroe and Carbon Counties. The third largest in the state, this region is well situated, just 95 miles to New York City and 53 miles north of Philadelphia and offers all of the amenities and more as its large urban neighbors.
Several factors make the Lehigh Valley an excellent location for business and industry. This region's growth is fueled by 11 institutions of higher learning and its nationally recognized health care facilities.
Due to its excellent highway infrastructure, rail service and the presence of an International airport, the Lehigh Valley market remains an attractive one to importers, exporters, manufacturers and high-tech companies. Developers are enticed to this area because of its abundant vacant land and favorable taxes.
An enterprising and diversified economy has led to higher income jobs, a growing and thriving population, along with 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.
LEHIGH VALLEY COUNTIES
Mt Pocono
Monroe County
Carbon County
Northampton County
Lehigh County
Allentown
Easton
Kutztown
PA
Q1 At A Glance
OVERALL T R E N D S
Vacancy Rate
Net Absorption
Construction
Asking Rents
About Us
Operating as the Greater Lehigh Valley's largest locally
owned commercial real estate company, NAI Summit
has been combining the industry's best real estate practices with our relationshiporiented philosophy to meet client business goals. Our
Serving the Lehigh Valley and surrounding areas since 1982. Local
mission is to provide the highest quality by adding value to our client's assets and real
market experts... global reach.
estate needs through expert analysis, in?depth market
knowledge and personalized service.
NAI Summit By The Numbers
40+ Professionals 36+ Years Experience $23 million+ in sales this past year 5 million+ SF of managed properties 1 team focused on your real estate needs
1620 Pond Road, Suite 150 Allentown PA 18104 610.264.0200 |
4
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- population 33 969 51 882 81 490
- commercial property for lease near hershey pa
- 20 19 nai summit
- click here for on line courses to become a hazleton pa
- buying property in pennsylvania
- repository list of unsold properties 2020
- h1 times leader free homes wilkes barre pa news
- homebuyer handbook
- times leader free homes wilkes barre pa news
- world headquarters 1201 n church street suite 217 a
Related searches
- summit financial and investment group
- summit financial investment group complaints
- matthew 28 19 20 message
- 19 20 fafsa pdf
- summit county ohio school districts
- summit investment group llc
- summit financial group reviews
- matthew 28 19 20 commentary
- 19 20 pell grant award chart
- matthew 28 19 20 sermon
- matthew 28 19 20 meaning
- matthew 28 19 20 nkjv