Economic Development Experts See Growth Opportunities Ahead for Greater Philadelphia
A boom in the local life sciences industry and redevelopment of commercial corridors has led to an unexpected revival of manufacturing job in Greater Philadelphia during the pandemic.
New Jersey Plans $250 Million Facility for Making Offshore Wind Components
New Jersey Gov. Phil Murphy believes that the new facility will help to rebuild a smarter and more resilient economy for the post-COVID world.
2020 in Review: Greater Philadelphia Industrial Market Stays Red Hot during Pandemic
The addition of several new developments will add millions of square feet to the region’s real estate market, which has become an economic driver in the tri-state area, as well as thousands of new jobs.
DuPont to Sell Chestnut Run Labs to Pennsylvania developer
The privately held, regional real estate firm is set to acquire 800,000 square feet in about 13 laboratories for redevelopment into “Delaware’s premier innovation destination.”
Cold Storage Is Heating up with Local Developers and Investors
The cold storage market in Southeastern Pennsylvania and Southern New Jersey continues to grow despite the pandemic, with a total of 15.8 million square feet of facility space being used, according to Colliers International data.
Available Warehouse, Logistics Space in New Jersey Hits Record Low as Calendar Turns
New Jersey’s industrial market continues to be the brightest spot across all sectors in commercial real estate, with low interest rates and federal stimulus dollars expected to continue supporting demand for warehousing space.