Central PA Office Market Shows Continued Resilience
Market activity shifted during the second quarter, but underlying fundamentals remain encouraging. While overall absorption totaled negative 24,635 square feet, continued acquisition activity, stable rental rates, and exceptional West Shore performance highlight the resilience of the Greater Harrisburg office market. Landmark’s latest Market Watch Report analyzes more than 900 office buildings and provides expert insight […]
Q1 Market Watch Report
Quarterly Market Watch Stay informed with the latest insights from the Greater Harrisburg office market. Q1 2026 showcased continued market stability, with suburban occupancy rates ranging from 91% to 95%, limited Class A availability, and ongoing demand from small and mid-sized businesses. The report features market commentary, absorption data, rental rate trends, and detailed occupancy […]
Landmark Commercial Realty Reports Solid Recovery in Greater Harrisburg Office Market
Landmark Commercial Realty, Inc. announces a robust recovery in the Greater Harrisburg Office Market, with significant advances in suburban segments, stable rental rates, and notable sales transactions. The Q4 2024 Market Watch report highlights a total absorption of 170,567 sq. ft. in 2024, driven by user acquisitions and strong demand in the East Shore, Downtown, […]
Q3 2024 Market Watch Report: Positive Highlights and Demand Trends
The Q3 2024 Market Watch Report for the Greater Harrisburg Area office market showcases a resilient and stabilizing market. Over the past 18 months, the market has absorbed more than 285,000 sq. ft., indicating strong demand and stable rental rates. Class A and B+ properties have maintained high occupancy rates, reflecting sustained demand for quality […]
Market Watch Year End 2020
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Market Watch Year End 2019
The Greater Harrisburg Office Market made significant gains in 2019, as absorption totaled 234,549 sq. ft. Since the First Quarter of 2010 this market has advanced sharply absorbing over 1,564,911 sq. ft. Rental and occupancy rates have stabilized and expansion is rising.
Market Watch Second Quarter 2019
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Year End Market Watch Report 2018
Landmark’s Senior Vice President, Thomas Posavec, SIOR has released the Year End 2018 Market Watch Report. Markets exploded in 2018 as major expansion coupled with unprecedented demand catapulted absorption rates to 251,699 sq. ft. This increase extends the market surge which commenced in the First Quarter of 2015. Since this time over 800,000 sq. ft. […]
Third Quarter Market Watch Report 2018
Landmark’s Senior Vice President, Thomas Posavec, SIOR has released the Third Quarter 2018 Market Watch Report. The Greater Harrisburg Office Market continued its growth in the Third Quarter of 2018 as 30,010 SF was absorbed. We now see occupancy rates hovering between 94% to 96% throughout much of the marketplace and we believe the probably […]
Second Quarter Market Watch Report 2018
Landmark’s Senior Vice President, Thomas Posavec, SIOR has released the Second Quarter 2018 Market Watch Report. While the Greater Harrisburg Office Market failed to make significant gains in the Second Quarter of 2018 we enter the Third Quarter with suburban markets boasting occupancy rates between 93% and 95%. Absorption totaled negative 7,134 sq. ft., although […]