Before COVID-19, the economy was in incredible shape, backed by high consumer spending, said Mike Rohm, of SVN Latus. Basically, the risk of recession seemed remote and the commercial market was riding the wave, too, said Rohm, who covers primarily Cumberland and Dauphin counties. Property values were climbing, and local investors were competing for the best assets against out-of-town investors, he said. 

Online grocery sales are expected to fuel more cold storage growth in the U.S., but food service distributors also are seeing a need to expand their facilities.

Royal Square Development and Construction is hoping to not only revive the former York Blue Moon in the 300 block of West Market Street, but also keep restaurant liquor licenses in the city. Liquor licenses are generating interest beyond restaurateurs in the wake of changes to state liquor laws, which has made them more valuable.