New Castle County

Philadelphia - PA USA - Industrial Submarket

Industrial real estate intelligence for the New Castle County submarket. 41.7M SF of inventory with 8.4% vacancy. Data sourced from various MLS platforms.

41.7MSF

Inventory

4.4MSF

Available

8.4%

Vacancy

10.4%

Availability Rate

$11.62

Asking Rent

1.1%

Rent Growth

127KSF

12mo Absorption

548KSF

Under Construction

Market Metrics

12mo Delivered

782K SF

Under Constr % of Inv

1.3%%

Sale Price/SF

$118

Cap Rate

7.1%%

12mo Sales Volume

$151,985,261

Sales Vol Growth

136.9%

Asset Value

$4,976,395,335

Net Absorption

+127K SF

Recent DC Sales in Market

Property	Price	SF	Buyer
105 Cabot St	$6.4M	105,731	RJ Kelly Co, Inc.
Philadelphia Data Center	$16.3M	25,718	Landmark Dividend
456 Bedford St	$19.5M	200,000	John and Leslie Strachan
Boulden Interchange Park	-	61,000	Investcorp
Verizon Colocation Center - King of Prussia	$57.9M	49,998	Mapletree US Management, LLC

Available DC Space in Market

Property	Avail SF	Rent	Owner
Bldg 042	105,113	$9.00	Mio Marino
2201 Green Ln	57,500	$9.10 - 11.12 (Est.)	The Leser Group
201 Main St	30,025	$4.00	Midwest Service and Supply Inc
18 MW Approved Renew Amston: Phase 2	40,000	$1.00	ReNew Developers LLC
Phoenixville Corporate Center	100,000	$11.19 - 13.68 (Est.)	Scranton Maxillofacial

Data Centre Development Potential

High vacancy (8.4%) in New Castle County may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 548K SF indicates developer confidence in the submarket. Positive net absorption of 127K SF over the past 12 months signals healthy demand fundamentals.