Note: This article was published by the Central Penn Business Journal. Click here to read the original version. No matter where you go to consume news, you will be bombarded by anything and everything related to COVID-19. The impact of this novel virus on our world is impossible to fully understand or appreciate at this time. […]
View Post [Online Resources] Real Estate, advice, blog, buy, buyers agent, central pa, central pennsylania, Commercial Real Estate, coronavirus, COVID, COVID-19, COVID19, cpbj, CRE, crisis, economic update, Economy, industrial, interest rates, lease, Mike Kushner, office, Omni Realty Group, pandemic, pennsylvania, real estate market, rent, retail, tenant representative, treasury, united statesAlready there are 33 states and the District of Columbia that have legalized marijuana use in some form. Many of these states, like Pennsylvania, allow for limited medical use. According to a recent article, dispensaries in Pennsylvania have sold more than seven hundred million dollars of medical marijuana since the Commonwealth implemented the program, just […]
View Post [Online Resources] Real Estate, blog, buyers agent, camp hill, cannabis, carlisle, central pennsylvania, Commercial Real Estate, commercial real estate agent, commercial real estate broker, CRE, demand, Economy, growth, harrisburg, industrial, lancaster, lebanon, legalization, lemoyne, marijuana, mechanicsburg, medical marijuana, Mike Kushner, new cumberland, office, Omni Realty Group, pennsylvania, retail, space, tenant representative, trends, yorkThere is much we can learn by analyzing a market’s largest commercial real estate sales in a given year. Looking at each the industrial, retail, and office sectors, it’s interesting to see the varying demand for size, price and class from sector-to-sector. This tells us a lot of about the direction of economic growth for […]
View Post [Online Resources] Real Estate, camp hill, carlisle, central pa, central pennsylvania, commercial, Commercial Real Estate, CRE, harrisburg, hershey, industrial, lancaster, lease, lebanon, Mike Kushner, new cumberland, office, Omni Realty Group, pennsylvania, retail, sales, transaction, trends, wormleysburg, yorkCommercial real estate lending, the bread-and-butter business for many smaller and regional banks, could further decrease in 2020. The cause is a combination of a few different factors – intense competition from non-bank lenders and rising delinquency rates to name a few. Mortgage lending is also predicted to be impacted by rising interest rates and […]
View Post [Online Resources] Real Estate, analysis, banks, blog, building, camp hill, carlisle, central pennsylvania, commercial lending, commercial loans, Commercial Real Estate, Construction, construction loans, CRE, data, Economy, finances, gettysburg, guest blogger, harrisburg, hershey, industrial, lancaster, lemoyne, lending, loans, market, mechanicsburg, mid penn bank, Mike Kushner, money, new cumberland, office, Omni Realty Group, pennsylvania, retail, Rory Ritrievi, trends, united states, yorkWith new commercial construction projects popping up all across Central Pennsylvania, it may appear as though it’s a great time to be in the industry. A demand for more commercial construction usually means businesses are growing or moving into the area, bringing with them jobs and economic growth. But there’s one looming challenge that stands […]
View Post [Online Resources] Real Estate, abc keystone, building, central pa, central pennsylvania, commercial construction, Commercial Real Estate, Construction, development, Economy, employment, growth, industrial, jobs, office, Omni Realty Group, pennsylvania, retail, trends, unemployment, workers, workforceWhen businesses and individuals consider commercial real estate development as an investment opportunity, often the primary focus is on the potential income from tenants who will lease the space. However, given the growing demand for outdoor advertising and the increased revenue opportunities that digital billboards can provide landowners in terms of rent, there is an […]
View Post Ancillary, Ancillary income, billboards, blog, central pa, Commercial Real Estate, CRE, development, digital advertising, digital billboards, digital displays, digital signage, harrisburg, income, income opportunity, investment, Leasing, Mike Kushner, Omni Realty Group, pat lyons, pennsylvania, permitting, premier media, revenue, signage, signs