SVN ECONOMIC UPDATE – NOVEMBER 24, 2023
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. CPI INFLATION The Consumer Price Index (CPI) fell to 3.2% year-over-year in October, 50 basis points below the September reading, and follows two consecutive increases in annual […]
Land Development Series: Step 2
Acquisition and Financing Before purchasing a lot of raw land, or paying for any planning documents, it’s important to create an accurate budget that accounts for the costs associated with land acquisition and development. In addition to the value of the raw land, be sure to get written estimates on the costs of your applications […]
SVN ECONOMIC UPDATE – NOVEMBER 9, 2023
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.WEWORK BANKRUPTCY, CRE IMPACT On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of […]
Land Development Series: Step 1
Economic Feasibility Study and Site Assessment The journey of commercial land development begins with identifying a parcel of land that broadly fits your location, zoning and space needs. Typically this means a comprehensive feasibility study. During a feasibility study, developers analyze the potential of a piece of land to determine if it aligns with their […]
SVN ECONOMIC UPDATE – OCTOBER 27, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – OCTOBER 13, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – SEPTEMBER 29, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – SEPTEMBER 15, 2023
The Consumer Price Index rose 3.7% year-over-year and 0.6% month-over-month in August, its largest monthly increase this year, according to Wednesday’s release by the Bureau of Labor Statistics…
SVN ECONOMIC UPDATE – AUGUST 25, 2023
1. AI AND COMMERCIAL REAL ESTATE A recent article by MSCI Real Capital Analytics suggests that despite the growing concern about AI’s potential impact on commercial real estate, a balanced view should be taken that considers both the economic risks of AI and its potential positive impact on productivity. The authors argue that AI could […]
SVN ECONOMIC UPDATE – JULY 28, 2023
1. FED INTEREST RATE DECISION On July 26th, The Federal Reserve raised their benchmark interest-rate by 25 bps, reversing a pause in rate-hikes that occurred in June. While the June pause was intended to start a “wait and see” approach by officials, their meeting minutes and commentary in recent weeks suggested to the market that […]
