When a global pandemic first hit, the main concern was rightfully on the health and wellbeing of our population. As we slowly gained knowledge and tools to bring the spread of this virus under control, something equally as powerful and disruptive was already burning through the economy like wildfire. Ongoing pandemic-related disruptions in the supply […]
View Post [Online Resources] Real Estate, agent, blog, broker, buyers agent, central pa, Commercial Real Estate, Construction, construction industry, CRE, data, economic, Economy, finances, harrisburg, impact, industrial, local, Mike Kushner, money, national, new build, office, omni real estate, Omni Realty Group, regional pennsylvania, retail, space, tenant represenative, trends, united statesIn spite of 2020’s black swan event (COVID-19), leasing activity in Central Pennsylvania continued with mixed results. Normally insulated from strong economic downturns, the coronavirus tested the Central Pennsylvania Region and there are reasons for both concern and optimism. On the negative side: massive job losses in retail and a significant manufacturing base could […]
View Post [Online Resources] Real Estate, business, carlisle, Commercial Real Estate, costar, CRE, data, deal, development, Economy, gettysburg, growth, hanover, hershey, jobs, lancaster, lease, Leasing, lebanon, mechanicsburg, Omni Realty Group, pennsylvania, property management, retailers, tenant representative, trends, warehouse, yorkThe world is still responding and adjusting to the ripple effects that the COVID-19 impact had on every business, industry, and person. Where will it stop? No one knows, but we do know that where impact occurred, so did change. This rings true for the commercial insurance industry which suddenly found itself faced with a […]
View Post [Online Resources] Real Estate, alan hostetler, business, business insurance, central pennsylvania, commercial, commercial insurance, Commercial Real Estate, COVID-19, CRE, harrisburg, insurance, insurance agent, insurance broker, insurance policy, Mike Kushner, Omni Realty Group, pennsylvania, real estate agent, real estate broker, retail2020 was quite the year, but even a global pandemic did not halt the exchanging of commercial real estate. In Central Pennsylvania, the sale of commercial real estate continued well through the end of the year with hundreds of millions of square-feet being bought and sold. As to be expected, the largest commercial real estate […]
View Post [Online Resources] Real Estate, camp hill, central pennsylvania, Commercial Real Estate, CRE, gettysburg, harrisburg, hershey, hummelstown, industrial, lancaster, lebanon, lemoyne, mechanicsburg, Mike Kushner, multifamily, office, Omni Realty Group, retail, sale, shoping center, sold, top 5 largest, warehouse, yorkYou 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 millworks