ROCK Commercial Real Estate releases 2020 Q1 Market Reviews

June 16, 2020

 

 

YORK/LANCASTER, PA — ROCK Commercial Real Estate publishes quarterly market reviews designed to survey and gauge the state of commercial real estate conditions in Central Pennsylvania. The publications offer thoughtful, forward-looking insight into trends in the local office, industrial, and retail markets.York County Industrial | Industrial Sales Exceed $178M, Rental Rates Remain Stable• York County continues to attract attention of investors as a prime distribution hub with over 4.3 MSF sold and more than $178M in sales volume.• Q2 statistics will help shed light on possible trends resulting from the COVID-19 pandemic as quarantine measures and widespread economic disruptions occurred late in Q1.• 660,984 s/f of inventory remains under construction with an additional 4.8 MSF of warehouse proposed to be built.• The most popular unit size this quarter was between 3,500 s/f and 7,500 s/f, comprising 33% of Class A & Class B industrial leases.

 

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