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Developers Shut Down Industrial Pipeline in Key Philadelphia-Area County

Only Seven New Industrial Developments Broke Ground This Year in Burlington County, New Jersey
CoStar Analytics
December 7, 2023 | 9:10 P.M.

Burlington County, New Jersey, a prominent force in the Philadelphia region's industrial market, has undergone a significant shift in 2023. After leading the region in industrial construction for over two years, this Southern New Jersey County experienced a remarkable drop in projects under construction and construction starts. The tremendous 9.2 million square feet under construction in the first quarter dwindled to just over 1 million square feet in the fourth quarter—a decline of nearly 90%.

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