Note: This article was originally published by the Central Penn Business Journal. Click here to read the original version. You are likely aware that there are different classifications of office space, specifically Class A, B and C. But what qualities determine the letter associated with any given commercial property? Is it the location, the layout, […]
View PostCentral PA’s Office Real Estate Market Hangs on to Low Vacancy, Slows Down on Net Absorption
Central PA’s Office Real Estate Market Hangs on to Low Vacancy, Slows Down on Net Absorption New office space continues to enter the Central Pennsylvania commercial real estate market. One new building was delivered in the first quarter of 2017, and four more are soon to come. Some of the biggest trends worth noting are […]
View Post [Online Resources] Real Estate, camp hill, central pa, Commercial Real Estate, costar, harrisburg, hershey, lancaster, market, mechanicsburg, Mike Kushner, office, Omni Realty, pennsylvania, rental rates, report, space, trends, vacancy, yorkFirst Thing to Do When Looking for New Office Space
First Thing to Do When Looking for New Office Space If you’re just starting the journey of exploring new office space options for your business, you may be tempted to independently start browsing online or stop in a few locations that are advertising space for lease. What’s the harm in getting a head start? A […]
View Post [Online Resources] Real Estate, buy, buyers agent, camp hill, central pa, Commercial Real Estate, CRE, exclusive, harrisburg, hershey, hunting, industrial, lancaster, lease, looking, market, Mike Kushner, new space, Office Space, Omni Realty, pennsylvania, retail, search, shopping, tenant representative, yorkCentral Pennsylvania Industrial Real Estate Report for Q1 2017
Region gains more than two million square feet of new industrial space in first quarter 2017 is on track to becoming one of the best years yet for industrial real estate in Central Pennsylvania – and we’ve only just wrapped up the first quarter! The market absorbed more than 2 million square feet of new […]
View Post [Online Resources] Real Estate, central pennsylvania, Commercial Real Estate, Construction, costar, CRE, demand, expert, facts, first quarter, industrial, market report, Mike Kushner, more space, new space, Omni Realty Group, pennsylvania, space, statistics, supply, trends, vacancy6 Things Disrupting Commercial Real Estate in 2017
2017 has already brought with it a lot of change, and we’re just getting started. The New Year began with a new president, new policies and new regulations – and the full impact of all of this remains to be seen. As technology continues to advance at a rapid pace, the new ways in which […]
View Post [Online Resources] Real Estate, 2017, advancements, changes, Commercial Real Estate, CRE, disrupt, industrial, invest, lease, new year, office, retail, technology, trendsCumberland County Focuses on Commercial Real Estate Redevelopment Projects to Sustain Growth
Cumberland County Focuses on Commercial Real Estate Redevelopment Projects to Sustain Growth Cumberland County continues to be the fastest growing county in Pennsylvania. For the most part, this is a great thing for the County and the businesses and residents who reside in its borders. However, the impact of this growth brings with it the […]
View Post [Online Resources] Real Estate, brownfield, CAEDC, central pa, CRE, cumberland area exconomic development Corp, cumberland county, economic, Economy, greenfield, growth, industrial, jonathan bowser, Mike Kushner, mixed use, office, onmi realty group, pennsylvania, redevelopment, retail, spaceImpact of the Repeal of the Affordable Care Act and New GOP Plan on Commercial Real Estate
Impact of the Repeal of the Affordable Care Act and New GOP Plan on Commercial Real Estate One of the hottest issues consuming most of the nation’s attention right now is the proposed repeal of the Affordable Care Act (ACA) or Obamacare. Regardless of your opinion on whether or not this is a smart idea, […]
View PostCentral PA Experiences Highest Number of Retail Store Closings Since Recession
After retailers come off the holiday boost, the first quarter of the year is a common time for stores to announce closures. Between January and March, retailers assess their portfolios and make decisions to shed underperforming stores. Central Pennsylvania is no exception. In recent months, several anchor retail spaces have made the decision to close […]
View Post [Online Resources] Real Estate, businesses, central penn business journal, central pennsylvania, closings, coming soon, Commercial Real Estate, cpbj, Economy, growth, homegoods, kmart, malls, marshalls, Mike Kushner, new, Omni Realty Group, opening, redevelopment, retail, sears, stein mart, stores, trendsCentral Pennsylvania CRE Market Reports Q4 2016
The Cost of Commercial Real Estate in Central PA Rises Across All Sectors: Office, Retail and Industrial 2016 wrapped up with quite an interesting quarter for Central PA’s commercial real estate market. Out of all the sectors, office space was the weakest performer. However, even though it dropped to a negative net absorption, its rental […]
View Post [Online Resources] Real Estate, 2016, central pennsylvania, Commercial Real Estate, costar, expert, fourth quarter, industrial, investment, investor, local market, Mike Kushner, office, Omni Realty Group, q4, report, retail, trendsPredictions for Trends and Changes in Commercial Real Estate in 2017
It’s the start of a new year and naturally this turns our attention toward what we predict will happen in the coming 12 months. Specifically in the commercial real estate market, there are several noteworthy trends and changes we predict to take place in 2017. What are these and how will they impact the various […]
View Post 2017, business, decrease, demand, growth, hotel, increase, industrial, investment, investor, local, Mike Kushner, millennials, multifamily, national, news, office, Omni Realty, predictions, retail, supply, trends, young professionals