Hanover Company Delivers 358K-SF Lehigh Valley Industrial Project
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
Hanover Company announced the delivery of Savage Road, a 358,234-square-foot industrial development that marks Hanover’s first project in the highly sought-after Lehigh Valley industrial market. The rear-load facility…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
North Alabama distribution center expected to close, laying off 593 workers
The Children’s Place distribution center possibly closing
Voters’ data center backlash puts cities in the spotlight, experts say
Overwhelming voter opposition could spur new state-level regulations and push local officials to demand more from data center developers on infrastructure, utilities and community impacts.
Skanska reports record order intake 2 quarters in a row
Booming U.S. data center construction kept the firm’s third-quarter backlog robust, and CEO Anders Danielsson told Construction Dive the company is looking to grow its U.S. infrastructure footprint.