Family Office Briefing on research byLee & Associates·Apr 23, 2024
2024 Q1 Western Pennsylvania, PA - Industrial
Western Pennsylvania industrial market shows signs of softening in Q1 2024 — family offices should consider co-GP opportunities with disciplined operators.
Key Metrics
| Metric | Value |
|---|---|
| Vacancy Rate | 5.2% |
| 12 Mo. Net Absorption | -962,923SF |
| Avg NNN Asking Rate | 7.85$/SF |
| SF Under Construction | 475,500SF |
Metrics extracted from the source report and independently fact-checked. Method →
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