Last year was a banner one for the pivotal eastern Pennsylvania industrial region, and more of the same is expected in 2021.
A report published Monday by real estate advisory firm Colliers International, Inc. (NYSE and TSI:CIGI) said that 29.2 million square feet worth of industrial — mostly logistics — deals were closed in 2020, a stunning 72% gain from 2019 levels and more than 12 million square feet higher than the previous record set in 2017. Net absorption, which measures new construction...
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