Lancaster | Office
Downsizing remains a significant factor for leasing decisions as average unit size is down 58% compared to 2019. Vacancy begins upward movement ...
Lancaster | Retail
Median unit size over past five years is between 1,800-2,000 SF. 43% of available inventory is within this size range. High demand, low vacancy, and...
Industrial | York
Vacancy rate increased for the first time since Q1 2021. After decreasing only 6 basis points in Q3, vacancy ticked upward 44 basis points in Q4...
Office | York
New vacancies are outpacing leased square feet, and the office market is working harder to absorb the vacant space...
Retail | York
The year-end outlook for York County retail remains positive due to decreasing vacancy, increasing average lease rate and upward momentum in...
Industrial | Lancaster
After decreasing for eight consecutive quarters, vacancy ticked up 19 basis points in Q4 2022. Though the uptick in vacancy is...
Lancaster | Office
The office sector remains in a state of flux influenced by elevated costs and evolving user preferences. Unit size, for example, has decreased...
Lancaster | Retail
Although sale volume continues to increase year-over-year, median sale price decreased in 2022 for the first time in five years...
Greater Hanover | Industrial | Office | Retail | York
ROCK's Research team, Drew Steffens and Katie Spurrier, offers insight into the Greater Hanover commercial real estate market...
Industrial | York
After the explosive year for leasing in 2021, the market remains tight in 2022 with vacancy falling below 2%. The rate of vacancy decline, however...
Office | York
While national unemployment increased 10 basis points to 3.7%, York County unemployment decreased from 4.1% to 2.8%1 as of September...
Retail | York
York County retail is standing resolute despite economic pressure from federal interest rate hikes, inflation, supply chain disruption, labor ...