EFTA00301507.pdf

WEST SHORE MARKET LISTINGS 4640 hinge Read. Camp MU PA. riID IrJE Itt1 51 Ice: 'te.c:'.v -cs dace 1000 N. Front Street. Wonnleysinng, PA. J.. LC:ce .1.3: Hse 11 1•11 1 IC 1 3 , ...s 145 llwiekk Read, New Cumbettaral, PA 4.500 to 14.015 SF officellex evadable. Easy acess. FHB class finches. Pike to lease. THOMAS T. POSAVEC. SIOR 20 EMS Read Lame, PA Up to 1500 SF for lease. Cowed parking. Great rates. Small suites. Immediate exup3nr.,.. 718 N Front St. Wormleysburg, PA 17043 "Serving Central PA Since 1993" ■ Commercial • Estate Valuation • Industrial MI Financing ■ Residential Developments • Tar Assessment • Land • Condemnation • Apartments • Litigation • Churches • Easement Evaluation MOBILE • NM But Medualcsberg, PA. 16,000 SF office building available for sale. SF for lease. Piked to move 3 N. 21 Shad, lap MR, M. 600 SF to 3.930 SF :ratable. New suites. Urge mrdoos Covered parkin? Bste. vees CENTRIC 1/4.9 BANK FINANCIAL CENTERS I 11S% F R PS )(TON CAMP HILL SILVER SPRING Yul is:5 Starlet urns AIM 4 arIlde Pee Mahan...bun. PA I 'WO LAND/NARK COMMERCIAL REALTY INC. THOMAS I POSAVEC. SIOR Vice President 20 Edord Road 17043 Otto Mobile vAinv.landmarku.com DESIGN & MARKETING: CAW.n lay I atul ta bt 1,31 CAW. ,WI,l4(11YI iattpary's mathan pa% n ith an.eiranr Mgt, msetas Isty rho art I MARKET ANALYSIS 01 - 2012 a 1510 drh 0 Sid 0 2nd 0 1:10 Number 2012 2011 2011 2011 2011 Yen End 1x102012 of Tcaal Total Deep. Ocala. °scup. Octup. Ocoee. Current Absorption Buildings Imentety Available Rate Rale Rate Rale Rate Ashy Rant' in SF CITY Class A Class 84 Class B 21 59 178 1,498,475 1.622.742 1.551.749 106,900 171.600 143.501 93% 90% 91% 93% 92% 93% 89% 89% 88% 89% 90% 89% 94% 90% 89% $1750423.03 $15.50-517.50 513.00-S15.50 500 12.650 23.300 36.450 TOTAL 258 4.712.966 422.001 EAST SHORE Class A Class B. Class B Class C 46 87 144 55 1,773,672 1,852,421 1884,189 417.825 112,700 185,076 133,000 30.650 94% 90% 92% 93% 93% 87% 92% 92% 93% 92% 92% 86% 91% 87% 94% 87% 91% 87% $17.80422.50 $15.95-517.80 $13.75-515.95 S11.20-$13.75 11.000 13.500 22.600 4.000 51.100 TOTAL 332 5.628.107 46t,426 WEST SHORE Class A Class B. Class B Class C 63 113 164 90 2,256,340 2.427,390 1,858.061 473.028 122,236 138.944 101.225 44500 95% 94% 95% 91% 94% 93% 94% 89% 93% 93% 94% 91% 93% 93% 93% 89% 91% 93% 94% 92% $17.95422.50 $15.80417.95 $14.25415.80 $12.00414.25 23,800 24,700 10,400 4.600 634) 151,050 TOTAL 43; 7.014.819 406.905 GRAND TOTAL 1,020 17.355.892 1.290.332 • Ercluding interior. uite fanitorkil !mica ci 111 ••••••••imom Iv darxeldwa.wczeidst auld Lawn. re nay stunt Mauro ra rditets area nza Nowt, Nenen....t It zed • ••1 •ten Innis has <3. 'Frs.. s ...s....s.lowlarcesterawlsweacleamtv/u1r st&odtd VI,,,fteme Wit< • man ar Si. tress O Lo w,. Itr Mei litit*VONI.,,r1,34.”011.14.4.44),IMP,),,Caln <atria ynd Cornz.i ein. remold* med d s mwd un meszedidrolerill f•dc• aial I' dere Id al fawarted how tail IS reirit.• • • COIMPIIIIka Mitt IN rine& et is. Yo Landmark Commerical Realty, Inc. • 20 Ertord Road, Lemoyne, PA 17043 • mvw.landmarkccco RENTAL RATES SURGE Markets showed no sign of a slowdown as absorption totaled 151050 sq. ft. in the First Quarter of 2012. continuing a surge which began early in the First Quarter of 2010. In the past nine quarters more than 450.000 sq. R. of office space has been absorbed. it's second best performace in I8 years. This solid run coupled with improving inventory levels and rising asking rates are solid indications that market fundamentals have finned and should continue to remain favorable for 2012. The absence of significant development coupled with continued high construction costs should benefit the leasing market going forward. The market continues to demonstrate that even with rising rental rates and record low interest rates. the flexibility of leasing versus ownership remains the preferred avenue for consumers at this time. This study now analyzes over 1.000 properties encompassing over 17 million sq. ft. and is arguably the most accurate measure of occupancy and rental rates available to the Mid State. We are humbled that so many of you rely on the solid information which has been prepared in this analysis over the past 18 years. We will continue to be the only firm to provide quarterly market information on office and business park properties with unsurpassed accuracy going forward. THOMAS T. POSAVEC, SIOR Vice President Landmark Commerical Reality. Inc. Olliee Mobile FIRST QUARTER 2,1'; ri•r l•I l lr•Ll ic•sl MARKET AVA Ames 5C 71 Louise DIM! I/ iar Jut _rn PA One Sterling Place. Alechanicsbwg. PA 4250 Calms Mill Road. Harrisburg. PA 3605 Varian Way. Harrisburg. PA 1or al Knouledge... Local Relationships. Building tr ust. EFTA00301507 POSAVEC S MARKET SUMMARY DOWNTOWN BUSINESS DISTRICT After a difficult 2010 and 2011 which produced staggering losses.activity improved sharply in the First Quarter of 2012 as absorption totaled an impressive 36,450 sq. ft. fueled by excellent demand from users in Class B+ and Class B segments. Demand for Downtown properties increased significantly over the past several weeks, a positive sign for a makes which has received much hod press in recent months. Activity from Class A tenants was less apparent in the First Quarter as absorption totaled only 500 sq. ft. Occupancy rates remain at 93%. Demand for these premier properties remains inconsistent and the departure of Buchanan Ingersoll from the M & T Bank Building located at Second and Market Streets later this year should put additional pressure on first class properties throughout the remainder of 2012. The Class B+ segment showed signs of improvement in the First Quarter of 2012 as occupancy rates rose to 90% and absorption totaled 12.650 sq. ft. Demand for high rise towers fueled much of this activity as tenants flocked to some of the best B+ product in the market. Furthermore. several historic properties remain available for those who can make a substantial commitment to the marketplace. Prices for these properties continue to adjust and activity should increase in the upcoming months. Class B occupancy rates rose sharply in the First Quarter of 2012 as absorption totaled 23,300 sq. n. Occupancy rates reached 91%. their highest levels in several quarters. as demand from less premier users finally surfaced. Fewer large suites remain, most under 3400 sq. ft.. and as owners make necessary concessions tenants should continue to respond. The outlook, while uncertain. can continue to stabilize should pent up demand remain at current levels and no si eni 'leant new vacancies arise. 7540 Allentown Blvd S ei Harrisburg, PA 17112 %Ma Commercial Flooring Contractors EAST SHORE BUSINESS DISTRICT After a solid Fourth Quarter in 2011 which produced terrific ad- vances totaling nearly 71.000 sq. ft.. the East Shore Business District continued its surge as absorption totaled 51.100 sq. ft. Gains were realized across the board from all segments of the marketplace with the Class B segment showing some of the strongest momentum. Occupancy rates for Class A properties rose to 94% as absorption totaled II.00O sq. ft. Demand for the former Crump Insurance property helped fuel these advances as over 44.000 sq. ft. has been re-leased since the firms departure last October. Rental rates are firming, concessions fading and occupancy levels rising as demand continues to impress. Absorption for the Class B+ segment totaled 13.500 sq. ft. in the Firs Quarter of 2012 pushing occupancy rates to 90% in the process. Only a few properties continue to undermine this segment and activity on these office buildings has been brisk in recent weeks. Demand from new firms is a welcome sign going forward in 2012. Several new limn have opened small to medium sized offices in the mid-state in recent weeks and based on current activity levels this trend should continue. Solid demand from Class B users pushed absorption to 22.600 sq. n. in the First Quarter of 2012. Occupancy rates remained at 92% as availability continued to dwindle and large suites became more scarce. Much of the remaining Class B inventory consists of suites from LON sq. ft. and below. Underwhelming properties with poor management will continue to underperfonn and get passed ova as sophisticated landlords make deals. The demand for ClassCpropenies on the East Shore was more modest in the First Quarter of 1312. Absorption totaled 4100 sq. ft. and occupancy rates reached 93%. Fewer availabilities remain at these less sophisticated properties as buyers an: acquiring buildings. utilizing remaining availabilities and creating value. fare. Si* 1(0 Pt 1711 Wee* I29O(wcrerna Road GAM PA tee)) ENGINEERS • CONSULTANTS now newt kandsvenginsersitern bleopeSeC led Sawn LalckueeftectoWettoe Ewe crowtelal Perntri; r.Cocoa TraffeiTiMMIZOM110, waverInbar...sou Desqn lancifaIGH NIP lreffeiral WEST SHORE BUSINESS DISTRICT Premier properties continue to outpace much of the remaining segments on the West Shore Business District as the -Right to Quality" continues. Absorption totaled a remarkable 63.500 sq. ft. in the First Quarter of 2012. Occupancy rates for Class A properties rose to 95% in the Fast Quarter of 2012 and absorption totaled an impressive 23.800 sq. ft. The Lack of large availabilities and the continued increase in expansions help push figures higher. Few large suites remain and severaldeals arc in the works to occupy these first class offices. Prices have finned substantially in recent months and unless a building is troubled. this should be the trend throughout the remainder of 2012. Demand for Class B+ properties on the West Shore continued to ttrnain vibrant as absorption totaled 24.700 sq. ft. and occupancy rates rose even higher to 94%. Some migration from the Downtown Business District can be attributed to these gains coupled with an improved marks in general. With few new availabilities anticipated ova the next quarter. the immediate future remains stable. Rental rates are reaching levels not seen in neatly four years as options for users dwindle. The Class B segment reached their highest levels in years closing the First Quaver of 3312 at a remarkable 95%, up significantly from the previous year. Absorption totaled a healthy 10.400 sq. n. as users flocked to well maintained properties with solid locations and amenities. If demand pasists.construction remains limited and no significant availabilities come on line, the segment can continue to thrive. The Class C segment managed to absorb 4.600 sq. ft in the First Quarter of 2012. Occupancy rates climbed to 91%. Excellent values remain for users looking to enter the office market at rates far below higher priced, more modem properties. Lays 011iceN of GATES, HALBRUNER, it.tiwee A-rdAti -GUISE, P.C. CONTACT US FOR ALL YOUR REAL ESTATE NEEDS: • 1031 Tax Free Exchange, • Resent Eychanites • Real Estate Coostrhation • Real Estate Davlorenent • Real Estate Sale & Purchase T ..11 Mumma lima i•M el eA.L.. PA floe) roar. It.te. rot iceownow *wan MOM 704 Landman PA i Wee 210.2040 limitation bad, Nanishum, PA. 1.000 to 6,000 SF available. Various sizes. New suites with fast class finishes. Great puking Close load areas. MC POSAVEC S FEATURED PROPERTIES 3601 Vane, Way. Hunan, M. 14.000 SF r sale or lease. Owner will divide. Terrific location in the heart of the East Shore. Spectacular windows. Ample parkng. Wail - 6645 IMsy bhp, Cap ROI, PA. 12,030 to 50.000 SF for immediate occupancy. Owner will divide. Terrific location in the Man of Camp Hill. Abundant on-site parking. ----- Bustness Brokers & Realty — tel over 25 years. MCA has helped people reshre the (fres:hot ovals, • business or inyostmoot progeny in Central Pennsylvania Commercial Business listing c—a Cosolcittep f obricaloe floc:Weal a Lighting Contradcw Town with Cancan a Owe Hall Itogieweil Racial Walesa* Retailer Soso loproosea Camay MIaeMleon Ms:nun CONFIDENTIAL Seller Servo - Include lioslaoss-for.Sal• Listings flatecoesehoparty lowicanant Repent Bowsaw a Pilarkei Sltatogy Adnwry loading Romano. www.mcabizbrokers.com THOMAS T. POSAVEC, SIOR 2745 N. Front Strout, Ihrldmq, PA Approximately 6.600 SF available for immediate occupancy. Great views. Free parking. WM aide. 4587 N. Frost Strut, Ituddirg, PA 2200 to 12.000 SF available for immediate occu- pancy at this first-class office. Spectacular vine. 3706 Emma Idea, linridng, PA 15,574 SF available for sale or lease. IT firm's - Infrastructure for fechookigy company. Cabling Requirement MOBILE • 4WI7-4313 Mutes Road, Imebburg, PA. 1.050 to 2,100 SF available. Tenific smai suites. Rare opportunity for signage. Upgraded finishes. 271M Comma WS, Narrlabuq, PA. 8.000 SF medical office side. Approved surgical center. Thousands in finishes. Priced below medal. 614 N. Front Street, Ibraderg, PA 1.300 to 10.000 available. On-site parking. Spectacular finishes. Across horn YMCA. Customized Solutions. k• Cali 1••••••••• MI w.s •Iimmuwassm wag... *eel EAS HORE MARKET LISTTI SNGS 2M01ita Nu, Nathan, PA. 15.000 to 50.000 SF available immediately. Close to all areas. Great rates. Excellent padog 4201 dams 1111 Read, Nantsburg, PA. 2.200 SF available for lease. Healy renovated. Great windows. Head of Colonial Park. 22MYutal Way, Parishes, PA. 1.190 to 4.850 SF for immediate occupancy. Execptional location. Ample parking CORPORATE EDUCATION I I EALTHCARE www.gotanner.com EFTA00301508