With Thanksgiving just days away, we thought it fitting to apply our gratitude toward recognizing some positive events that have taken place in Central Pennsylvania’s real estate market in 2016. These trends and milestones indicate a growing economy, healthy businesses and more jobs on the horizon. Take a look at the top 10 good things […]
View PostInflux of New Construction Impacts Central PA’s Industrial Real Estate Market
In the third quarter, we saw some interesting trends emerging in the local industrial real estate market that appear to be just the beginning of a bigger movement yet to come. Five new buildings have already been delivered so far in 2016 and there are 11 more buildings under construction with a total RBA of […]
View Post [Online Resources] Real Estate, analysis, blog, camp hill, carlisle, central pa, central pennsylvania, costar, cumberland, data, dauphin, facts, harrisburg, hershey, industrial, lancaster, lemoyne, mechanicsburg, Mike Kushner, new cumberland, news, numbers, Omni Realty, report, statistics, summary, trends, yorkIn the Wake of the Failed Merger, 6 Ways PinnacleHealth and Hershey Medical Center Can Harness New Growth
As shared by the Central Penn Business Journal, the Hershey-Pinnacle merger was recently opposed by the Federal Trade Commission (FTC) and the Pennsylvania Attorney General’s Office. The reason for this decision was explained as the Dauphin County-based hospitals are direct competitors, and that their union would eliminate competition in the Harrisburg region. For Harrisburg area […]
View Post acquisition, analysis, attorney general, business, central penn business journal, commentary, development, expansion, ftc, growing, growth, health system, healthcare, healthcare industry, hershey medical center, hospital, law, legal, medical, medicine, merger, Mike Kushner, monopoly, news, Omni Realty Group, opinon, partnership, pennsylvania, pinnaclehealthCentral PA’s Office Market Sets Recent Records for Vacancy, RBA and Rental Rates!
At first glance, it didn’t appear like Q3 2016 held any exciting news for Central Pennsylvania’s office real estate market. No top sales, no major projects delivered and only a couple projects under construction. But as we dug a little deeper into the numbers, we found that this quarter claimed recent record highs for RBA […]
View Post [Online Resources] Real Estate, analysis, business, buy, camp hill, central pa, Commercial Real Estate, Construction, cumberland, dauphin, demand, Economy, harrisburg, hershey, lancaster, lease, local, market, mechanicsburg, Mike Kushner, net absorption, new, office, Omni Realty, pennsylvania, property, rent, report, sales, space, trends, yorkMedian Household Incomes Mostly on the Rise for Central Pennsylvania
According to the data from the U.S. Census American Community Survey, released on September 15, Central Pennsylvania is following in suit with greater Philadelphia – and the rest of the nation – which is experiencing an increase in median household incomes. Taking into consideration Cumberland, Dauphin, Lancaster, Lebanon and York Counties, here are some of […]
View Post [Online Resources] Real Estate, analysis, average, budget, central pa, central pennsylvania, commercial, data, debt, facts, income, market, median, Mike Kushner, money, news, Omni Realty Group, pennsylvania, people, poverty, prediction, report, statistics, stats, trendsCentral Pennsylvania’s Retail Real Estate Market Experiences Record-Setting Quarter
This quarter has posted some of the highest and lowest numbers we have seen since 2012. In Central Pennsylvania’s local retail real estate market, vacancy rate is low, rental rate is high and both net absorption and total RBA have increased. But overall, what does this tell us about the state of our economy and […]
View Post [Online Resources] Real Estate, 2016, advice, analysis, blog, building, business, buy, commercial, Construction, costar, data, Economy, expert, facts, growth, lease, market report, Mike Kushner, new, news, numbers, Omni Realty, opinion, prediction, project, q2, retail, sale, second quarter, sell, space, statistics, store, trends