Bennett Realty & Development is now representing a Williamsport, PA Industrial Building!

We are proud to announce that Bennett Realty & Development is now representing  the net lease of  an Industrial Building in Williamsport, PA.

Spartronics, Williamsport is located within a major manufacturing hub. Surrounding manufacturers include Shop-Vac Corporation, Prysmian North America, Fedex, Frito-Lay West Pharmaceutical Services and Premier Tech.

The Williamsport market comprises of over 19 million square feet of warehouse inventory. Current vacancy of only 2.8%. Average industrial leasing rates have historically trended between $5 and $7 PSF. Current market shows low vacancy at average asking rates of $11.44 PSF showing significant growth. During the last 12 months, 280k SF has been absorbed, with 190k SF in net deliveries over the past three years.

For additional information please reach out to Steve Garthwaite at steve@bennettrealtyllc.com

About BR&D

Bennett Realty & Development is a vertically integrated commercial real estate Advisory and Development Firm. With over 100+ years of combined experience and in excess of $2 billion in valued transactions the firm’s Advisory Services include; Investment Sales, Retail Landlord Leasing, Tenant Representation, Commercial Sales, and Multifamily sales. Its Development platform focuses on Commercial/Hospitality and Multifamily projects with a focus in New Jersey.