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In central Pennsylvania's I-78/I-81 corridor, the 2018 vacancy rate has been about 6.1%, and net absorption is nearly 12.5 million square feet, according to Mike Hess, SIOR, of CBRE, who chaired the panel on the state of the submarkets.
In this <b>EXCLUSIVE</b>, Anjee Solanki, national director of retail services with Colliers International, shares insights into the retail transformation, and how click-and-collect is now driving more in-store sales.
The retail market dynamics are more complex, but investor demand still remains strong for a fundamentally strong real estate. Plenty of investors are still moving forward.
With advance planning and by initiating a readiness action plan, some investors many find it easier to stay afloat and survive the real estate market hurricane, i.e. mitigate losses due to natural disasters.
Crow Holdings Industrial purchased 45 acres within Greens Crossing Business Park for the development of the 530,000-square-foot industrial project, Layne Crossing, which will support a number of industries.