Page 9 - I-78-Logistics-Park-OM-v4a

DYNAMIC MARKET FUNDAMENTALS IN LEHIGH VALLEY REGION
Supply vs Demand
Saylorsburg 512 Delaware Independence
903 • 3+ Year Trailing 19.7 MSF Absorption outpacing 17.4 MSF completions
Roseto Township
Jim Thorpe Beltzville
209 State Park Pen Argyl Budo Lake
Nesquehoning 476 Bangor 611 Liberty 2014 2015 2016 1Q 2017
209 512 Hackettstown 46 Mt Olive
209 Kunkletown DIRECT VACANCY RATE 5.3% 6.0% 5.1% 4.3%
Township
Lehighton 74 Little Gap Belvidere 46 LEASING VELOCITY 5.36 MSF 6.67 MSF 10.59 MSF 702,951 SF
902 248 State Game
Lands No 168 Oxford Beattystown NET ABSORPTION 6.44 MSF 3.91 MSF 7.83 MSF 1.52 MSF
White Township
Bowmanstown Palmerton Danielsville 191 DELIVERIES 4.90 MSF 4.93 MSF 7.25 MSF 343,232 SF
443
Ashfield 946 Belfast Martins Creek 31 57 Long Valley
Class A
895 145 512 Hutchinson Washington Washington
Twp
Township
Andreas Slatington 248 987 Eastlawn 33 Washington # OF TOTAL DIRECT SUBLET AVERAGE
Emerald Gardens Tatamy 611 Harmony YEAR/QUARTER BLDGS. INVENTORY VACANCY VACANCY VACANCY RENT
873 Nazareth Lebanon
248 1Q 2017 59 30.93 MSF 4.2% 4.2% 0% $4.98
946 Township
145 Bath Lopatcong 57 Califon 2016 59 30.93 MSF 3.2% 3.2% 0% $4.98
Germansville 512 191 248 2015 53 27.24 MSF 9.0% 9.0% 0% $4.75
Newside Neffs Stewartsville Asbury Glen Gardner Tewksbury
Pleasant Northampton Easton 22
New Tripoli 309 Corners 987 22 2014 44 23.19 MSF 4.4% 4.4% 0% $4.56
143 Schnecksville 329 122
Glendon 75 3 Bethlehem High Bridge
Lehighvalley INTL 4 Spruce Run
Whitehall 7 Recreation
78 Area Class A Rental Rates
24
Middletown 11 Clinton 18 20A 20B 78
Lebanon
• Asking rental rate range for Class A construction is currently $5.75 to $6.00 PSF, supported by the following
12
22
Kempton 863 476 378 Bethlehem 71 Pohatcong Union 15 17 Round Valley recent leases:
Recreation
Township Area Whitehouse
737
100 Allentown 78 Station
Fountain Hill 31 Dreahook YEAR TERM INITIAL ANNUAL
222 67 Riegelsville Holland
22 56 55 Alexandria DATE TENANT RSF BUILT CLEAR (YEARS) BASE RENT ESCALATIONS
New Fogelsville Durham
Grimville 145 Hellertown
78 Smithville 51 53 JAN-17 Wasserstrom 175,000 2016 32' 7 $5.75 3%
54A Milford
222 78 212 32 Franklin
863 60A 60B DEC-16 Barry Callebaut USA LLC 527,168 2016 36' 10 $5.78 2.5%
737 Trexlertown Lanark 378 412
222 309 SEP-15 Ricoh Americas Corporation 280,000 2015 36' 6 $5.95 2.5%
Breinigsville Emmaus
412 Ferndale
100 Frenchtown
Kutztown 29 Revere 202
Alburtis Macungie Limeport Coopersburg 32 12 Flemington
Topton Vera Cruz 611
State Game
Moselem Lands No 157
Springs Lyons Zionhill 212
Zionsville 476
Seisholtzville Richlandtown 563 Ottsville Kingwood
Dryville 309
Fredericksville Hosensack
New Jerusalem Huffs Church Tinicum East Amwell
100 44 Quakertown 113 Township
Spinnerstown
E x E C UT I v E S UM M A R Y
E x E C UT I v E S UM M A R Y 5