Rents in Harrisburg rose 2.4% from August to September, and have already climbed 21.4% so far this year compared with 2020, as demand continues to surge. 

Rent prices for logistics facilities in the Northeast U.S. Corridor are skyrocketing, but that may be good news for developers and property managers in the Lehigh Valley and Central Pennsylvania.

How robust is the demand for office space in central Pennsylvania? Among developers and commercial real estate agents, perspectives vary, with some seeing strong activity across the board, while others point to uncertainty as businesses navigate the COVID-19 economy.

PROVIDENCE, R.I. (AP) — Gabe Imondi, a 74-year-old landlord from Rhode Island, had come to court hoping to get his apartment back. He was tired of waiting for federal rental assistance and wondered aloud “what they’re doing with that money?”

Rents in the Harrisburg market jumped 4.4% in May, an increase almost twice as much as the national average, according to the June Apartment List National Rent Report.

Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage and rent payments.