Economic Development
The region’s vast real estate market offers both prospective businesses and established operations interested in expansion a wide selection of quality industrial and office properties. The county’s industrial market is composed of approximately 46 million square feet of land. The average sale price for industrial space in Bucks County ranges between $35 to $50 per square foot, while average lease rates range from $4 to $5, triple net.
The office market in the area has expanded considerably during the last few years, currently boasting a total of 6 million square feet of land °©– which includes approximately 2 million square feet of Class A space. Rental rates for this type of property stand between $12 and $18 per square foot for Class B and $22 to $24 per square foot for Class A spaces.
Since 1958, the Bucks County Economic Development Corporation (BCEDC) has catered to the established and prospective businesses of the region by offering a multitude of beneficial programs. Whether a business needs help financing new equipment, finding a site, or looking for employee training and networking opportunities, the BCEDC will help these businesses access local, regional and state economic development resources. By maintaining a strong, cooperative relationship with other agencies and governing bodies, the organization secures efficient and planned development in a way that furthers economic growth in the county.
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