Note: This article was originally published by the Central Penn Business Journal. Click here to read the original version. Earlier this summer the Tri-County Regional Planning Commission (representing Cumberland, Dauphin and Perry counties) met to discuss current and future socio-economic trends that will influence land-use decisions and related impacts. The data and statistics shared provided insight into […]
View PostFirst Quarter Yields Positive Net Absorption, Not Much Else for Office Space in Central PA
If no news is good news, then the Q1 market report for Central Pennsylvania office space is very good news indeed. The waters remain calm – though not completely stagnant – for the local market. With merely one year-to-date delivery and a vacancy rate that has only moved one-tenth of a percentage point or so […]
View Post [Online Resources] Real Estate, absorption, business, central pa, central pennsylvania, commercial, costar, Economy, first quarter, local, Mike Kushner, office, Omni Realty, q1, rent, report, space, vacancy4 Risks of Working with Real Estate Brokers Who Represent Both Buyers and Sellers
It is a safe observation based on over 30 years of real estate practice that the vast majority of consumers – in this case real estate buyers/tenants and sellers/landlords – do not understand the concepts of “agency.” One might also observe that a significant segment, if not most, of the licensed real estate practitioners do […]
View Post [Online Resources] Real Estate, advice, broker, buyer, buyer agency, buyer agent, camp hill, CCIM, central pa, commercial, conflict of interest, danger, exclusive, guide, harrisburg, industrial, information, lancaster, landlord, lease, mechanicsburg, Mike Kushner, moving, negotiation, office, Omni Realty, owner, pennsylvania, rent, renter, renting, retail, risks, seller, space, tenant, Tenant Representation, warning, yorkHarrisburg’s Retail Real Estate Hits Record Low Net Absorption in Q1
The Central Pennsylvania retail real estate submarket closed First Quarter 2015 with some good news and some bad news. On a positive note, the quoted rental rate is the highest it has been in nearly four years. However, this data is quickly overshadowed by the submarket’s negative net absorption which plummeted 316,783 square feet in […]
View Post [Online Resources] Real Estate, 2015, absorption, adams county, availabilty, camp hill, central pennsylvania, Commercial Real Estate, Construction, demand, east, Economy, first quarter, forecast, harrisburg, health, lancaster, leases, lebanon, mechanicsburg, Mike Kushner, news, Omni Realty, pa, q1, report, retail, trends, vacany, west, yorkThe Vision Behind Omni Realty Group – Q&A with Owner, Mike Kushner
Every business first begins with a person and a vision and Omni Realty Group is no exception to this rule. Mike Kushner, owner of Omni, began this commercial real estate business with a passion for helping fellow business owners find the ideal locations to grow successfully. We have shared the story behind Omni Realty, but […]
View Post about us, answers, business, camp hill, career, central pa, Commercial Real Estate, development, entrepreneur, growth, harrisburg, industrial, lancaster, mechanicsburg, Mike Kushner, office, Omni Realty Group, owner, passion, pennsylvania, people, questions, retail, success, yorkFirst Quarter 2015 Shows Growing Industrial Real Estate Market in Central PA
Industrial real estate in Central Pennsylvania is off to a strong start this year! In First Quarter 2015, we have seen signs of positive growth that has the momentum to make this year one of the best in a while for the market. Central Pennsylvania gained three newly built properties that were delivered in this […]
View Post [Online Resources] Real Estate, 2015, absorption, blog, camp hill, central pa, commercial, first quarter, harrisburg, industrial, lancaster, local, market, mechanicsburg, Mike Kushner, Omni Realty, pennsylvania, percent, prediction, rate, rental, report, trends, vacancy, york6 Signs You Are Using the Wrong Commercial Real Estate Broker
Moving your business to a different location or bigger space is a critical decision that will have a profound impact on both your employees and your bottom line. To help navigate this tricky process, you need a commercial real estate agent/broker who is experienced, creative and professional. Unfortunately, people often find themselves stuck with an […]
View Post [Online Resources] Real Estate, agent, bad, broker, business, buy, buyer agent, camp hill, central pennsylvania, commercial, growth, harrisburg, industrial, lancaster, lease, location, mechanicsburg, moving, negotiate, office, own, realestate, red flag, rent, retail, signs, space, success, Tenant Representation, wrong, yorkHow Major Healthcare Mergers are Impacting Commercial Real Estate
It goes without saying that major changes are taking place in the healthcare industry nationwide. The Affordable Care Act otherwise known as “Obamacare” became effective January 1, 2014. This legislation represents the most significant overhaul of the U.S. healthcare system since the passage of Medicare and Medicaid in 1965. For real estate investors, the big […]
View Post [Online Resources] Real Estate, assets, blog, camp hill, central pennsylvania, commercial, cumberland county, dauphin county, facility, harrisburg, health, healthcare, hershey, insight, local market, medical, Mike Kushner, monetization, Omni Realty, opinion, pa, penn, penn state, pinnaclehealth, prediction, trends, writingA Year in Review: How Central PA Office, Industrial and Retail Markets Performed in 2014
Each property sector within the Central Pennsylvania commercial real estate market had its own highs and lows throughout the course of 2014. This year was particularly tough for the Central Pennsylvania office market, closing out the fourth quarter with a negative net absorption of 241,723 square feet and a high vacancy rate of 8.5%. In […]
View Post [Online Resources] Real Estate, 2014, analysis, central pa, commercial, Economy, fourth quarter, industrial, local, market, Mike Kushner, news, office, Omni Realty, overview, pennsylvania, performance, predictions, retail, review, trendsThe Ultimate Guide for Finding and Leasing a Commercial Space for Your Business
There are many aspects of running a business that can be daunting to navigate – finding and leasing a commercial space that fits both your needs and your budget is absolutely one of them. Unless your expertise is in real estate, you can’t be expected to know the market or understand how to negotiate terms […]
View Post [Online Resources] Real Estate, advice, business, buyer, buyers agent, camp hill, central pa, expert, guide, harrisburg, how to, lease, Leasing, location, mechanicsburg, Mike Kushner, office, Omni Realty Group, pennsylvania, space, tenant, Tenant Representation