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SVN ECONOMIC UPDATE – MARCH 29, 2024

The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area.  1. INDUSTRIAL’S LARGEST OPERATORS EXPAND According to an article by Commercial Observer, Industrial real estate heavyweights Prologis and Link Logistics are leading an ongoing expansion in warehouse use […]

Commercial Property Management: The Vital Role of Ongoing Maintenance

Commercial property management entails more than just collecting rent and handling tenant concerns. It encompasses a plethora of responsibilities, with ongoing maintenance standing out as one of the most critical aspects. Effective maintenance not only ensures the safety and functionality of the property but also preserves its value and enhances tenant satisfaction. In this article, […]

Commercial Real Estate Summer Internship Opportunity – June-August 2024

Are you a college junior, senior or recent graduate interested in commercial real estate? Apply for our Summer Internship for an opportunity to experience the day-to-day of being a commercial real estate agent.  The internship will be primarily in the Camp Hill, PA area. Part-time weekday hours with many opportunities for first-hand experience in the […]

Commercial Property Management: Navigating Common Area Maintenance (CAM)

Commercial property management is a multifaceted endeavor that involves a plethora of responsibilities, from tenant relations to financial management. Among the many crucial aspects of managing commercial properties, Common Area Maintenance (CAM) holds a significant position. CAM expenses are a fundamental component of multi-tenant leases for commercial properties, playing a pivotal role in maintaining the […]

SVN ECONOMIC UPDATE – MARCH 15, 2024

The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area.  1. CURRENT ECONOMIC CONDITIONS (BEIGE BOOK) According to the March 6th, 2024, release of the Federal Reserve’s Beige Book, national economic activity increased over the previous six-week period.  […]

SVN ECONOMIC UPDATE – FEBRUARY 23, 2024

The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area.  1. INFLATION According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually.  The monthly pace of CPI […]

Land Development Series: Step 9

Ongoing Maintance and Property Management Ongoing maintenance and property management are crucial aspects of ensuring the long-term value and functionality of a commercial property. As a commercial developer, it’s essential to have a well-thought-out strategy to address these aspects efficiently. Here’s a breakdown of ongoing maintenance and property management: Ongoing Maintenance: Regular Inspections: Schedule regular […]

SVN ECONOMIC UPDATE – FEBRUARY 6, 2024

The latest national Economic Update from SVN is out, keeping us up-to-date on national trends that impact our local economy here in the Greater Harrisburg, PA area.  1. FOMC INTEREST RATE DECISION The FOMC left its benchmark federal funds rate unchanged at its January policy meeting as improving inflation and consumer expectations data has reduced […]

Land Development Series: Step 8

Final Inspections and Occupancy As the land development process comes to a close, there are a few details to wrap up. Final inspections and occupancy are critical stages in the land development process, ensuring that the project meets regulatory standards and is ready for use. Here’s an overview of the process: Preparation for Final Inspections: […]