Note: This article was originally published by the Central Penn Business Journal. Click here to read the original version. How Medical Marijuana Will Impact Real Estate in Pennsylvania Since the legalization of medical marijuana in April, the Pennsylvania Department of Health has placed a lot of focus on developing a program that is expected to be […]
View PostNew Industrial Space Popping Up All Over Central PA While Vacancy and Rental Rates Increase
The Central Pennsylvania industrial real estate market is an active place to be right now! In second quarter 2016, three new properties were delivered with three more under construction. Most interestingly, none of this new space is preleased. Both vacancy and rental rates continue to rise to some of the highest numbers we have seen […]
View Post [Online Resources] Real Estate, analysis, building, camp hill, carlisle, central pa, Construction, costar, data, dauphin, Economy, harrisburg, hershey, highlights, industrial, lancaster, lease, lemoyne, local, market, market report, mechanicsburg, Mike Kushner, new cumberland, numbers, Omni Realty, pennsylvania, properties, property, rate, rental cost, sales, space, statistics, trends, vacancy, yorkHundreds of Thousands of Square-Feet of New Office Space Coming to Central PA in 2016
Two new construction projects, located at the intersection of Carlisle Pike and Hogestown Road in Mechanicsburg, will deliver 258,000 square-feet of office space to Central Pennsylvania this year. Silver Spring Township is calling this construction “Class A Office Space Project” and are confident that, by attracting new businesses to the area, this space will benefit […]
View Post [Online Resources] Real Estate, absorption, analysis, buildings, business, camp hill, central pennsylvania, commercial, Construction, costar, data, east shore, Economy, employment, expert, harrisburg, hershey, impact, jobs, lancaster, market report, mechanicsburg, Mike Kushner, office, Omni Realty, pa, pennsylvania, rental rate, report, space, statistics, unemployment, vacancy rate, west shore, yorkCentral PA Retail Market Reacts to 7 New Buildings Delivered in First Quarter 2016
2016 has already proven to be an interesting year for Central Pennsylvania’s retail real estate market. A total of seven new buildings were delivered this quarter alone with a combined RBA of nearly 150,000 square-feet of space – only some of which is occupied. As a result, this new space has impacted vacancy and rental […]
View Post [Online Resources] Real Estate, advice, analysis, buildings, camp hill, central pa, city, Construction, costar, cumberland, data, dauphin, expert, facts, harrisburg, hershey, lancaster, lemoyne, local, market, mechanicsburg, Mike Kushner, new cumberland, Omni Realty, opinion, pennsylvania, projects, region, report, retail, trends, yorkCentral PA Welcomes More Office Space, Rising Rental Rates
Overall, 2015 has proven to be an active and eventful year for Central PA office real estate. Six new buildings were delivered into the market with four more under construction. The vacancy rate rose slightly, but remains lower than it has been in recent years. Additionally, net absorption dropped by nearly 175,000 square-feet, though it […]
View Post [Online Resources] Real Estate, 2015, 2016, absorption, analysis, blog, business, camp hill, central pa, costar, demand, development, Economy, facts, fourth quarter, growth, harrisburg, health, hershey, lancaster, lemoyne, market, mechanicsburg, Mike Kushner, new cumberland, numbers, office, Omni Realty, opinion, pennsylvania, rent, rental rate, report, statistics, trends, vacancy, yorkCentral Pennsylvania’s Largest Retail, Industrial and Office Lease Deals in 2015
Note: This article was originally published by the Central Penn Business Journal. Click here to read the original version. The New Year is well under way, but before we get too far into 2016, it’s worth taking a look back at the largest commercial lease deals that occurred in the Central Pennsylvania market in 2015. […]
View Post [Online Resources] Real Estate, analysis, article, blog, camp hill, central pa, central penn business journal, commercial, cpbj, cumberland, data, dauphin, deals, harrisburg, hershey, industrial, lancaster, local, market, mechanicsburg, Mike Kushner, office, Omni Realty, pennsylvania, predictions, retail, stats, trends, writing, york