Central Pennsylvania has gained 8 warehouses, each over 1 million square-feet, since 2010. With today’s booming e-commerce market continuing to expand, the need for sufficient storage space to meet online consumer demands is at an all-time high. To keep pace with online consumer needs, retailers look towards extra-large storage warehouses exceeding 1 million square feet, […]
View Post brick and mortar, central pennsylvania, Commercial Real Estate, Construction, distribution, ecommerce, Economy, industry, large, market, mega warehouse, Mike Kushner, news, Omni Realty, pennsylvania, report, shipping, space, square feet, top 5, transportation, trend, warehouseNote: This article was originally published by the Central Penn Business Journal. Click here to read the original version. The Challenges of Commercial Leasing In Central Pennsylvania When it comes to commercial leasing in Pennsylvania, tenants face some unique challenges. However, there are also some challenges we share with tenants all across the United States. For […]
View PostCost of retail space in Central Pennsylvania continues to climb despite negative absorption and rising vacancy. If you’ve been paying attention you know that traditional retail space is undergoing a major shift in how and where it’s being used. Many stores have closed their doors and/or have embraced the growth of ecommerce over brick-and-mortar locations. […]
View Post [Online Resources] Real Estate, absorption, blog, central pennsylvania, Commercial Real Estate, costar, CRE, facts, harrisburg, lancaster, market report, Mike Kushner, mixed use, Omni Realty Group, pennsylvania, q2, rental rates, retail, retail real estate, retail space, statistics, stores, top leases, top sales, trends, under construction, vacancy, yorkDecrease in vacancy and recent record high for rental rates indicate a healthy demand for Central Pennsylvania Office Space. Central Pennsylvania’s office real estate market should have very few concerns or complaints based upon its performance in Q2 2017. Three new office spaces were delivered this quarter, all of which are 100% preleased. As a […]
View Post [Online Resources] Real Estate, 2017, buyers agent, carlisle, central pennsylvania, Commercial Real Estate, costar, harrisburg, hershey, lancaster, lease, lemoyne, market, mechanicsburg, Mike Kushner, new cumberland, office, Omni Realty Group, q2, real estate agent, real estate broker, rent, report, second quarter, space, statistics, tenant representative, trends, yorkWhen it comes to healthcare, there is no shortage of demand for convenient and cost-effective providers. As a result, the American Healthcare System has shifted its focus toward creating outpatient urgent care clinics as a low-cost alternative to hospital emergency rooms. The Urgent Care Centers industry now represents one of the fastest growing segments of […]
View Post [Online Resources] Real Estate, allbettercare, american health systems, camp hill, carlisle, central pennsylvania, Commercial Real Estate, east shore, emergency room, growth, harrisburg, health care, healthcare, hershey, hospital, lancaster, lemoyne, mechanicsburg, Mike Kushner, new cumberland, Omni Realty Group, outpatient, pennsylvania, pinnaclehealth, retail real estate, trends, urgent care, urgent care centers, urgent care clinics, west shore, yorkNet absorption falls by 3.5 million square-feet with more space to come! In the first quarter of 2017, the Central Pennsylvania industrial real estate market* gained more than two million square-feet of new space. Now into the second quarter, the rate at which we’re adding new space has slowed, but the market is still trying […]
View Post analysis, central pa, central pennsylvania, Commercial Real Estate, data, dillsburg, harrisburg, hershey, industrial, lancaster, lemoyne, market, mechanicsburg, Mike Kushner, new cumberland, news, pennsylvania, report, statistics, trends, warehouse, york