MARKET TRENDS

• The growth of the e-commerce industry will continue to propel new warehouse construction whose rents range between $8.00 and $9.00 per square foot (psf).
• Lehigh Valley’s vacancy, at 4.6%, decreased 230 basis points (bps) from Q4 2020 — a level not seen since the beginning of 2017.
• Sales volume for 2021 totaled $1.7 billion with quarterly sales more than doubling between the third and fourth quarters of the year.

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