Commercial Real Estate News And Information From Expert Mike Kushner
As we approach the holiday season, and with holiday shopping already in full swing, it’s become a glaring truth that COVID-19 has divided retail companies into two distinct groups: those with functioning e-commerce businesses, and those without. During the first 10 days of the holiday shopping season, U.S. consumers spent $21.7 billion online, a 21% […]
View Post [Online Resources] Real Estate, amazon, businesses, central pa, central pennsylvania, Commercial Real Estate, consumerism, COVID, CRE, distribution, growth, industrial, investors, manufacturing, Mike Kushner, Omni Realty Group, online retail, online sales, online shopping, pa, pandemic, pennsylvania, products, shipping, shopping, space, walmart, warehouseAnother reminder about the importance of the 2020 Presidential Election? Yes, but with good reason. We’ve been inundated with news, ads, and messages forcing very carefully crafted information upon us. There’s a lot we know about each candidate and their platform, but there is much more than we don’t know. This applies to all candidates […]
View Post [Online Resources] Real Estate, appreciation, biden, changes, Commercial Real Estate, CRE, democrat, donald trump, Economy, election day, estate planning, finances, income, inheritance, investment, irs, joe biden, law, money, policy, president, real estate investment, republican, tax, tax bracket, taxes, united statesAccording to a new study, more than 90% of companies expect the disruption of global supply chains caused by the pandemic to have long-term effects on their businesses. This has caused manufacturers to closely examine various aspects of their businesses and consider what may need to change, possibly permanently, to adjust to the new COVID-19 […]
View Post [Online Resources] Real Estate, agent, business, businesses, central pennsylvania, Commercial Real Estate, commercial real estate broker, commercial real estate invement, COVID, COVID-19, CRE, distribution, global, harrisburg, industrial, industrial supply chain, Mike Kushner, Omni Realty Group, onshore, overseas, pandemic, pennsylvania, processes, shipping, space, tenant representative, transportation, warehouse, warehousingIndustrial real estate had been booming for the last five years, mostly propelled forward by e-commerce and changes in consumer behavior. If that wasn’t enough for industrial real estate owners to adapt to, a global pandemic hit and impacted the way just about everything worked previously. As we adjust to this new reality, there’s one […]
View Post [Online Resources] Real Estate, camp hill, carlisle, central pennsylvania, challenges, Commercial Real Estate, covi, covid-19 pandemic, CRE, development, Economy, growth, harribsurg, hershey, hummelstown, impact, industrial real estate, industrial space, lancaster, market, mechanicsburg, Mike Kushner, Omni Realty Group, online retail, real estate investing, retail ecommerce, storage, trends, warehouse, warehousing distribution, yorkNow more than ever, if you are looking to lease commercial real estate, you need a tenant rep on your side. All of the services they provide, which include negotiations, market expertise, coordination, and strategic advice, have not changed. However, given the complexity of the during- and post-COVID economy and all of the changes that […]
View Post [Online Resources] Real Estate, buyers agent, Commercial Real Estate, commercial space, CRE, industrial, investor, landlord, lease, Mike Kushner, negotiation, office, Omni Realty Group, pennsylvania, professional, real estate agent, real estate broker, retails, tenant, tenant rep, tenant representativeYou don’t have to dig far into the news before you’re hit with another announcement of a retail store closing its doors and filing for bankruptcy due to the global pandemic. For many retail businesses who were already in debt before the hit of COVID-19, this blow has proven to be one from which many […]
View Post [Online Resources] Real Estate, agent, bankruptcy, broker, central pa, closing, closures, covi-19, COVID, COVID19, entertainment, impact, local market, mall, money, pandemic, pennsylvania, restaurants, retail, retail real estate, shopping, shopping mall, shut down, stores, tenant representativeLike most industries, the restaurant industry has faced a sudden and unavoidable need to adapt to the changes amidst COVID-19. Nationwide, restaurants that could typically pack their tables during mealtimes, happy hours, and late night gatherings were forced to shutter their locations for weeks, even months on end. And now, even though restaurants in Pennsylvania […]
View Post [Online Resources] Real Estate, bar, beverage, brewery, business, central pa, Commercial Real Estate, coronavirus, COVID, COVID-19, CRE, downtown harrisburg, food, harrisburg, impact, josh kesler, local market, Mike Kushner, Omni Realty Group, pennsylvania, restaurant, restaurant industry, tenant representative, the millworksSchool districts in Pennsylvania are working to set their budgets for the 2020-2021 school year, and are potentially facing a $1 billion loss in local revenue as a result of coronavirus, according to the Pennsylvania Association of School Board Officials (PASBO) study. Even if the economy recovers quickly, and there’s no predicting if it will, […]
View Post [Online Resources] Real Estate, budget, central pennsylvania, Commercial Real Estate, coronaviruss, COVID, CVOID, economic downturn, Economy, finances, for sale, home, local economy, local schools, loss, Mike Kushner, money, Omni Realty Group, pennsylvania, property, property tax, public schools, residential real estate, school boards, school districts, schools, tax increase, tax rate, taxesThis is Part II in a two-part series where we look at how commercial spaces must adapt and implement new policies to adhere to social distancing guidelines. We interviewed Matt Luttrell, Partner at ThYNK Design LLC for his input on this timely and important topic. In Part I we focused on the issue of square-feet […]
View Post [Online Resources] Real Estate, advice, cdc guidelines, changes, Commercial Real Estate, coronavirus, COVID, COVID-19, HVAC, industrial, mike lattrell, office, Office Space, Omni Realty Group, pennsylvania, renovations, retail, social distancing, thynk design, tipsBased on the continually evolving data and recommendations, the efforts to mitigate the spread of COVID-19 while pursuing a more normalized personal and professional life has focused on separation, isolation, and decontamination. As things currently stand, it appears that the only potential remedy to return to a pre-COVID-19 environment is the development of a vaccine. […]
View Post [Online Resources] Real Estate, advice, cdc guidelines, changes, Commercial Real Estate, coronavirus, COVID, COVID-19, HVAC, industrial, mike lattrell, office, Office Space, Omni Realty Group, pennsylvania, renovations, retail, social distancing, thynk design, tips