620 Allendale Road — Lease in King Of Prussia, PA

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: King Of Prussia, PA 19406

Description

IMMEDIATE ACCESS TO RT. 422, I-76, PA TURNPIKE & RT. 23

Market Context

This industrial in King Of Prussia, PA is listed for lease. It has been on the market for 53 days. Compare it against other industrial listings for lease in King Of Prussia, PA — view the full market.

As of Q1 2026, the Philadelphia industrial market showed a 3.8% vacancy rate, average asking rents near $14.00/SF/yr, rents up 3.8% year over year, and cap rates around 5.5%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Philadelphia?
About 5.5% as of Q1 2026, per multiple brokerage reports.
Is the Philadelphia industrial market tightening or softening?
Vacancy is around 3.8%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.02/SF/mo – $1.37/SF/mo

Mid: $1.20/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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