Philadelphia Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Cbre, Cushman & Wakefield, Lee Associates
Quarterly industrial market indicators for Philadelphia, aggregated by PropZone from Cbre, Cushman & Wakefield, Lee Associates. As of Q1 2026, average asking rent was $14.00/SF with a 3.8% vacancy rate.
Projected current industrial pricing — Philadelphia
low confidenceProjected asking rent
$14.00/SF/yr
Estimated sale value
$176–$215/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 Cbre data (cap rate 5.5%, asking rent held flat). Assumes ~96% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $14.00/SF | 3.8% | — | — | Cbre |
| Q1 2026 | $14.00/SF | 3.8% | 0K SF | 0K SF | Cushman & Wakefield |
| Q4 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q3 2025 | — | 4.8% | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q1 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q4 2020 | — | 3.2% | 1.0M SF | — | Lee Associates |
| Q4 2020 | — | 1.5% | 0K SF | 42K SF | Cushman & Wakefield |
| Q3 2020 | — | 4.8% | 0K SF | 32K SF | Cushman & Wakefield |
| Q2 2020 | — | — | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in Philadelphia?
- As of Q1 2026, the average asking rent for industrial space in Philadelphia was $14.00/SF, per Cbre.
- What is the industrial vacancy rate in Philadelphia?
- The industrial vacancy rate in Philadelphia was 3.8% as of Q1 2026 (Cbre).
- Where does PropZone's Philadelphia market data come from?
- This report aggregates quarterly industrial market data for Philadelphia from Cbre, Cushman & Wakefield, Lee Associates.
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