Growth along the Route 15 Corridor

Within the last few years, the Route 15 Corridor between Cumberland and Northern York counties has grown tremendously and continues to do so. “Cumberland county is one of the fastest growing counties in the state,” says Dan Dutcavich with Landmark Commercial Realty. “When populations grow, the natural progression is to see an increase in commercial […]

The Regional Spotlight – York County

One of York County’s greatest assets is its location less than an hour from Baltimore and Harrisburg and mid-way from Philadelphia and Washington, DC. Many residents commute to careers in metropolitan areas while enjoying York County’s lower cost of living. Location is also providing the key to York County’s steady resurgence. Like many areas previously […]

Mixed-use development – a growing trend

As the millennials are launching their careers and the baby boomer generation heads into retirement, the demand for smaller, cost-effective housing with nearby convenient amenities is becoming a common alternative to the traditional two-story colonial house surrounded by the charming white picket fence in the suburbs. In South Central Pennsylvania, which encompasses Adams, Dauphin, Cumberland, […]

Few Changes Throughout the Winter

The Winter months of 2015 brought very few changes in both occupancy and rent increases. The most exciting change in Q4 may have been that snow budgets were wiped out with only one snowstorm. Most managers, lenders and owners polled are expecting a robust new year. With lending expected to remain attractive for investors, despite […]

Apartment Overview – Q4 2013

2013 was a strong year for the apartment industry. While serve weather greatly effected the Central Pennsylvania region, complex occupancy saw a slight decline. Each county’s market review is featured in this report and we anticipate continued growth in the multi-family markets.