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“We just need a little space…” Broker & Developer Council event

By Michael Keller on November 2, 2017

Date/Time
Date(s) - 11/02/2017
5:00 pm - 7:30 pm

Location
National Museum of Industrial History

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Lehigh Valley has a shortage of smaller-footprint industrial manufacturing space, leading to significantly increased demand and asking rates. Since 2012, there has been no net change in the number of properties between 40,000 – 80,000 SF, and the vacancy rate for that range has dropped from 6.1% in 2012 to the current rate of 3.6%. The average age of this current inventory is 49 years. (Source: LVEDC Commercial Real Estate Report Q2 2017)

This panel will discuss the challenges and opportunities presented with the shortage of small industrial flex space in Lehigh Valley.

Panel members include:

  • Mike Adams, Senior Vice President, NAI Summit
  • Catherine Bailey, President / Chief Operating Officer, Rea.deeming Beauty, Inc.
  • Joe Correia, Executive Vice President, JG Petrucci
  • Kimberly Jacobsen, Managing Director of Industrial Services, JLL

Presenting Sponsor:

 

 

 

 

Registration is free for LVEDC Investors. Non-investors admission is $25. Register below. If you are an investor, please use your work email to receive the investor discount. Please contact Diane Milia at [email protected] or 610-266-6775 if you are having trouble registering.

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Lehigh ValleyQuick Facts

By the Numbers
$40.1 Billion

Gross Domestic Product

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City Center Lehigh Valley
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11% of Labor Force
Employed in Manufacturing

By the Numbers
$3.65 Billion

Exports

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Air Products
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$62,489

Median Household Income

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PPL Electric Utilities
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26,000

New Jobs Created Over Past 5 Years

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669,899

Population

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Olympus
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345,260

Labor Force

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26.1% of Labor Force
Employed in "Eds & Meds" sectors

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5,073

Technology Patents

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Mack Trucks
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UGI
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NFI
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14% of the total community college degrees awarded in PA

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$7.4 Billion

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BB&T
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69th largest metropolitan area in the U.S. by population

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10,328 degrees awarded by colleges and universities

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81,000 employed in "Eds & Meds" sectors

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26.97%

Population between ages 18 and 34

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