Figures

Philadelphia Industrial Figures Q4 2025

Leasing momentum holds as supply remains elevated

January 9, 2026 2 Minute Read

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  • Net absorption was positive 43,198 sq. ft., a decline from the positive 829,052 sq. ft. of last quarter.
  • Leasing activity in 2025 posted 14.0 million sq. ft. of new or expansion leases signed, slightly better than last year’s total of 12.7 million sq. ft.
  • 3.6 million sq. ft. of new supply was added this quarter despite sticky vacancy. As a result, total vacancy slightly increased to 11.0% from the 10.2% seen last quarter.