Philadelphia Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, CBRE,
Quarterly industrial market indicators for Philadelphia, aggregated by CREhunt from Cushman & Wakefield, CBRE, . As of Q1 2026, average asking rent was $14.00/SF with a 3.8% vacancy rate.
Projected current industrial pricing — Philadelphia
Projected asking rent
$14.00–$14.26/SF/yr
Estimated sale value
$176–$220/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 multiple brokerages data (cap rate 5.5%, asking rent trend-adjusted to today). Assumes ~96% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 | — | — | 0K SF | — | Cushman & Wakefield |
| 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 | — | 1.5% | 0K SF | 42K SF | Cushman & Wakefield |
| Q4 2020 | — | 3.2% | 1.0M SF | — | |
| 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 CREhunt's Philadelphia market data come from?
- This report aggregates quarterly industrial market data for Philadelphia from Cushman & Wakefield, CBRE.
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