Annual asking rent per sf of big-box property in Eastern PA-Southern NJ 2009-2023
The annual asking rent per square foot of big-box buildings in Eastern Pennsylvania and Southern New Jersey increased year-on-year since 2009, with growth accelerating between 2020 and 2023. In the first half of 2023, the square foot rent of big-box properties was 9.8 U.S. dollars. In the same year, there were approximately 6,000 big-box buildings in the U.S. Big-box buildings refers to large industrial buildings used for distribution.
