Figures
Philadelphia Industrial Figures Report Q2 2026
Market stabilizing amid backdrop of disciplined development, steady demand
July 7, 2026 3 Minute Read
Looking for a PDF of this content?
While vacancy ticked up slightly this quarter, tenants continued to absorb space at a measured pace while construction deliveries remained modest, pointing toward a peak in vacancy in the near term. On a year-over-year basis, vacancy increased 120 bps, underscoring how new supply continued to outpace demand. Average asking rents in Q2 2026 declined 3.2% quarter-over-quarter, reflecting increased competition for active requirements among landlords with long-term vacancies.