Airline Hydraulics Expands with 184K SF Lease

A major industrial lease in Bucks County highlights continued growth in the region’s manufacturing and distribution sector.

Airline Hydraulics Corp., a distributor of hydraulic, pneumatic, and automation products, signed a full-building lease for 184,611 square feet at 3001 Frost Road in Bristol. The company plans to move into the facility this summer.

As a result, Airline Hydraulics expects to add 50 new jobs. The company will use the space for both manufacturing and distribution operations.

This lease marks a significant expansion. Airline Hydraulics currently operates from two smaller locations in Bristol and Bensalem, totaling about 45,000 square feet. Therefore, the new facility greatly increases its operational capacity.

At the same time, the company will consolidate its operations. Its existing leases in Bristol and Bensalem expire within the next year. This move allows Airline Hydraulics to streamline workflow and improve efficiency.

However, the company will maintain its headquarters in Bensalem. It will continue to occupy its 65,000-square-foot space on Progress Drive. In addition, a 28,580-square-foot lease on State Road, signed in 2024, will remain active.

EQT Real Estate owns the building at 3001 Frost Road. Developers constructed the property in 1990, and it includes 14,760 square feet of office space.

The location offers strong logistical advantages. It sits near the intersection of Interstate 95 and Interstate 276. Because of this, the site provides efficient access for distribution and commuting.

Overall, this expansion reflects ongoing demand for well-located industrial space in Southeastern Pennsylvania. Companies continue to prioritize larger, centralized facilities that support long-term growth and operational efficiency.

*Article courtesy of Philadelphia Business Journal

Wolf Commercial Real Estate (WCRE), is a leading New Jersey, Pennsylvania, and New York commercial real estate brokerage, advisory and property management firm that specializes in healthcare, office, retail, land, industrial, and investment properties. For more information about Bucks County industrial properties or other commercial properties, please call 856-857-6300 or send an email to info@wolfcre.com.

Please visit our website for a full listing of Bucks County commercial properties for lease or sale through our commercial real estate brokerage firm.

Bucks County Industrial Market Shows Strong Demand and Rising Property Values

Bucks County’s industrial real estate market has experienced steady growth over the past five years. Strong tenant demand and investor confidence have continued across the region. Both Class A and Class B properties have benefited from rising prices and stable occupancy. As a result, Bucks County remains one of the most active industrial markets in the Philadelphia region.

Class A Industrial Sale Price Trends

Class A industrial properties have experienced the strongest pricing growth. Sale prices increased from $107 per square foot in 2021 to $158 per square foot in 2025. This represents a significant increase over a five-year period.

However, pricing momentum was briefly slowed during 2023. During that year, prices declined slightly by less than one percent. Nevertheless, the market quickly recovered.

Prices rose sharply again in 2024 and 2025. In fact, a 21.54% increase was recorded in 2025 alone. Therefore, demand for high-quality industrial space remains extremely strong.

Limited availability of new Class A buildings has also supported higher pricing.

Industrial Transaction Volume and Price Per Square Foot

Industrial transaction volume in Bucks County has fluctuated over the past decade. However, the overall trend demonstrates long-term market growth.

Transaction volume peaked in 2021. During that year, approximately $880 million in industrial properties were sold. This surge was largely driven by pandemic-era logistics demand.

Following that peak, activity normalized. Nevertheless, pricing has continued to rise.

In 2025, approximately $280 million in transactions were recorded. Meanwhile, prices continued approaching $130 per square foot. Consequently, the market remains healthy and active.

Class A Industrial Availability and Supply

The supply of Class A industrial space has tightened considerably. Available space declined from 2.6 million square feet in 2021 to 1.2 million square feet in 2025.

At the same time, the availability rate dropped significantly. The rate declined from nearly 30% to approximately 10.7%.

Therefore, top-tier industrial buildings are becoming increasingly difficult to secure. Rising competition for limited inventory has pushed prices higher.

For tenants seeking premium logistics space, options are becoming more limited.

Class B Industrial Sale Price Trends

Class B industrial properties have also experienced consistent price growth. These buildings typically include older or more functional facilities.

As a result, they attract a wider range of tenants and investors. These buyers often seek more affordable industrial space.

Prices increased from $96 per square foot in 2021 to $127 per square foot in 2025. Momentum has been particularly strong over the past two years.

Consequently, demand is not limited to newer buildings. Buyers continue competing for well-located industrial properties throughout Bucks County.

Net Absorption and Vacancy Trends

Net absorption measures how much industrial space is occupied versus vacated. Positive absorption indicates that more space is being leased than vacated.

Over the past five years, Bucks County has recorded mostly positive absorption. Businesses have continued expanding and occupying industrial space.

However, vacancy rates have risen slightly in recent years. This increase has largely been driven by new supply entering the market.

Nevertheless, forecasts suggest the market will rebalance through 2026. Available space is expected to be gradually absorbed.

Class B Industrial Availability

Unlike Class A properties, Class B industrial availability has increased. Available inventory rose from 1.1 million square feet in 2022 to approximately 3.6 million square feet in 2025.

The availability rate also increased to roughly 5.6%. However, this increase reflects additional properties entering the market.

It does not indicate weakening tenant demand.

Instead, the rise in available Class B space provides more opportunities for tenants. Investors seeking affordable industrial buildings may also benefit.

Outlook for the Bucks County Industrial Market

Overall, Bucks County’s industrial market remains strong and resilient. Pricing continues rising while tenant demand remains stable.

At the same time, supply conditions are gradually balancing. New space is expected to be absorbed over the next several years.

Therefore, Bucks County is likely to remain one of the most competitive industrial markets in the region. Investors, developers, and tenants continue recognizing the area’s long-term value.

*Information Provided by Costar