In third quarter 2015, the Central Pennsylvania submarket for commercial office space showed some positive trends for growth and demand. We have four projects under construction that will deliver more than 400,000 square-feet to the market within the coming year, with a majority of this space already preleased. However, this promising news for the market […]
View PostBack in Black: Central PA Retail Market Increases Net Absorption, Rental Rates in Q2
It is a good time to be building or renting retail space in Central Pennsylvania! Second quarter 2015 closed out with the highest quoted rental rate we have seen since at least 2011. Retail businesses are willing to pay the $11.75 per square foot – and more – to move into highly sought after space […]
View Post [Online Resources] Real Estate, advice, blog, camp hill, central pennsylania, commercial, costar, cumberland, data, dauphin, economic, Economy, expert, finance, harrisburg, health, hershey, lancaster, market, mechanicsburg, Mike Kushner, news, Omni Realty, opinion, pa, pennsylvania, report, retail, space, statistics, trends, writing, yorkQ2 Shows Why Central PA’s Industrial Real Estate is a Premiere ‘Big Box’ Market
To the hundreds of thousands of people who call Central Pennsylvania home, we have found countless reasons to fall in love with the area from our beautiful blend of distinct cultures to the Capital city and Hershey’s Chocolate World. But to industrial businesses that rely upon the ease and affordability of shipping their products to […]
View Post [Online Resources] Real Estate, 2015, absorption, advice, analysis, camp hill, central pa, costar, cumberland, data, dauphin, demand, economic growth, economic health, Economy, expert, facts, harrisburg, industrial, lancaster, local market, market, mechanicsburg, Mike Kushner, Omni Realty, pennsylvania, prediction future, q2, rental rate, report, second quarter, space, statistics, summary, trends, vacany, warehouse, yorkCentral PA’s Demand for Rental Units is Booming: What this Means for Economic Growth
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 Post [Online Resources] Real Estate, apartments, article, baby boomers, blog, camp hill, central pa, central penn business journal, commercial, cpbj, economic growth, Economy, future, harrisburg, housing, lancaster, local, mechanicsburg, Mike Kushner, millennials, money, news, pennsylvania, prediction, renting, spending, trends, writing, yorkFirst 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, vacancyHarrisburg’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, york