Burlington County, a Philadelphia suburb in southern New Jersey and a key East Coast logistics hub, faces rising availability rates despite strong tenant demand. Developers, eager to capitalize on rising industrial rents, have flooded the market with new space, outpacing current demand.
At the start of the third quarter, Burlington County had the second-highest vacancy rate among the top 50 U.S. industrial hubs, trailing only Dallas-Fort Worth’s I-45 Southeast Corridor, with an availability rate of 16.5%. This suggests a temporary oversupply in the local industrial market.
Over the past five years, industrial space in Burlington County has grown by 19.5 million square feet, a 33% increase, compared to the national average of 11% expansion during the same period.
For more information about South Jersey industrial space for sale or lease, please contact WCRE at 856-857-6300.
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