The CoStar Industrial Report for First Quarter 2014 provides us with confidence that Central Pennsylvania maintains its value as a hub for warehousing and distribution. This should come as no surprise considering the area is at the center of many major transportation routes and is within a one-day drive to over 70 percent of the […]
View PostHarrisburg’s Class A Office Space Takes Major Hit in First Quarter 2014
The first quarter of the New Year started off with quite a bang for Class A office space in the Central Pennsylvania market. No, this bang did not produce an explosion of growth; rather the total office market saw a substantial decrease in net absorption – 451,230 square feet to be exact. We can only […]
View Post central pennsylvania real estate, class a office space, Commercial Real Estate, costar, highmark, market trends, net absorption, office real estate market, real estate market, real estate trends, vacancy ratesFourth Quarter 2013 Shows Slow Recovery of Central Pennsylvania’s Retail Real Estate Market
Fourth quarter 2013 is an important time to take a look at the CoStar Retail Report for Central Pennsylvania. Historically, retail spaces experience some of their heaviest traffic this time of year as a result of holiday shopping. However, we continue to trend toward more and more shopping being done online. How has the concern […]
View Post [Online Resources] Real Estate, central pennsylvania, commercial, costar, data, harrisburg, lease, local market, market, rates, rental, report, retail, trends, vacancyCentral Pennsylvania Office Space Vacancy Drops to 8.2% in 4th Quarter 2013
The fourth quarter 2013 was a big year for the Central Pennsylvania office market. New and existing businesses filled up even more space across the area. As a result, the total vacancy rate saw a substantial decrease from where it was just one year ago and the net absorption totals surged well into the positive […]
View Post [Online Resources] Real Estate, absorption, blog, central pennsylvania, Commercial Real Estate, costar, harrisburg, local market, market report, Office Space, rental rates, trends, vacancy, writingCentral Pennsylvania Industrial Market Ends 2013 with Lowest Vacancy Rate All Year
Vacancy rates for the total industrial market in Central Pennsylvania are the lowest they have been since third quarter 2012 at 7.7 percent. This is a 0.6 percent drop from last quarter’s vacancy rate of 8.3 percent. The Central Pennsylvania flex market finished the year with a 9.7 percent vacancy rate and the warehouse market […]
View Post Central PA Real Estate, commercial lease, Commercial Real Estate, Commercial Realtor, CRE, decline, Harrisburg east market breakdown, industrial, Mike Kushner, office lease, Office Space, office space camp hill, office space Harrisburg, office space in central pa, Omni Realty Group, rent office space, vacancy ratesHarrisburg East Retail Vacancy Rates Decline, Sales Remain Stagnant in the Third Quarter 2012
The Harrisburg East retail market experienced a lower vacancy rate during the third quarter of 2012.The rate ended at 5.9% compared to the previous quarter when vacancy was 6.4%. The third quarter represented the first time in 2012 where the retail vacancy rate was below 6%. So far in 2012, the largest retail lease signing […]
View Post Central PA Real Estate, commercial lease, Commercial Real Estate, Commercial Realtor, CRE, Harrisburg east market breakdown, industrial, Mike Kushner, office lease, Office Space, office space camp hill, office space Harrisburg, office space in central pa, Omni Realty Group, rent office space, warehouse