Major changes are taking place in America’s health systems and we are starting to see the impact of some of these changes right here in Central Pennsylvania. Hospitals are no longer the desired “hub” for healthcare, rather free-standing emergency rooms, 24-hour emergency care centers and walk-in clinics are helping to keep people out of the […]
View Post [Online Resources] Real Estate, central pa, challenges, change, christian caicedo, Commercial Real Estate, CRE, emergency care, harrisburg, health care systems, healthcare, healthcare real estate, hershey, hospital, lancaster, Mike Kushner, news, Omni Realty, outpatient, paul toburen, pennsylvania, pinnacle, strategies, trends, upmc, yorkThere is a lot of different commercial construction activity taking place in Central Pennsylvania. Looking at the top commercial real estate projects to be delivered in 2018, there are two retail projects and 4 Class A industrial projects that will enter the market, bringing with them new businesses, jobs and consumers. Let’s take a closer […]
View Post [Online Resources] Real Estate, ace hardware, business, carlisle, central pennsylvania, Class A, Commercial Real Estate, Construction, CRE, distribution, Economy, expansion, growth, harrisburg, industrial, jobs, lancaster, lebanon, new space, pennsylvania, retail, shipping, space, supermarket, trucking, warehouse, wegmans, whole foodsVacancy rates in the local office market remained mostly stagnant moving into the New Year. If the saying “no news is good news” can be applied to Central Pennsylvania’s office real estate market, then 2017 was a good year indeed! We closed out 2017 with few noticeable gains and mostly stagnant vacancy and rental rates. […]
View Post [Online Resources] Real Estate, 2017, 2018, carlisle, central pa, cluster, Commercial Real Estate, Economy, first quarter, fourth quarter, hanover, harrisburg, lancaster, mike kusher, office, Omni Realty, pennsylvania, rental rates, second quarter, submarkets, tenant representative, third quarter, trends, yorkCentral Pennsylvania has gained 8 warehouses, each over 1 million square-feet, since 2010. With today’s booming e-commerce market continuing to expand, the need for sufficient storage space to meet online consumer demands is at an all-time high. To keep pace with online consumer needs, retailers look towards extra-large storage warehouses exceeding 1 million square feet, […]
View Post brick and mortar, central pennsylvania, Commercial Real Estate, Construction, distribution, ecommerce, Economy, industry, large, market, mega warehouse, Mike Kushner, news, Omni Realty, pennsylvania, report, shipping, space, square feet, top 5, transportation, trend, warehouseNote: This article was originally published by the Central Penn Business Journal. Click here to read the original version. The Challenges of Commercial Leasing In Central Pennsylvania When it comes to commercial leasing in Pennsylvania, tenants face some unique challenges. However, there are also some challenges we share with tenants all across the United States. For […]
View PostCost of retail space in Central Pennsylvania continues to climb despite negative absorption and rising vacancy. If you’ve been paying attention you know that traditional retail space is undergoing a major shift in how and where it’s being used. Many stores have closed their doors and/or have embraced the growth of ecommerce over brick-and-mortar locations. […]
View Post [Online Resources] Real Estate, absorption, blog, central pennsylvania, Commercial Real Estate, costar, CRE, facts, harrisburg, lancaster, market report, Mike Kushner, mixed use, Omni Realty Group, pennsylvania, q2, rental rates, retail, retail real estate, retail space, statistics, stores, top leases, top sales, trends, under construction, vacancy, york