Real Estate Journal — March 25 - April 14, 2016 — 3A
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M id A tlantic
M id A tlantic R eal E state J ournal ROCK Commercial Real Estate market study Central Pennsylvania: A distribution hotspot T
Class A Office Building Available For Lease
he news of new distri- bution centers making their way into Central Pennsylvania is not new news. In fact, Central Penn- sylvania has been known as a strong area for distribution for quite some time. The ques- tion is, why? What makes this area so special and unique that large companies such as Amazon, Federal-Mogul, Target, Nordstrom and oth- ers would want to locate their distribution centers here? There are several factors actually, some that may be very obvious, and some that may surprise you. What is the key factor in picking a site for a distri- bution center? This is probably the most obvious answer - transporta- tion networks. Transporta- tion networks play a huge role in the location of distribution centers, especially in today’s day and age of fulfilling the consumer’s need of instant gratification. Distribution centers will want to be within a reasonable driving distance to major highways and in- terstates, rail, airports, and seaports. Strong transporta- tion networks that not only reach the farthest distances, but those that reach large amounts of businesses and population will help to drive down the cost of distributing the product. Most notably, Central Pennsylvania has a strong transportation network. The highway system especially, that is accessible in the area is in-part what makes Cen- tral Pennsylvania so attrac- tive for distribution centers. Major roadways such as I-83, I-81, the Pennsylvania Turn- ROCK welcomes Feiser as executive assistant YORK, PA — ROCK Com- mercial Real Estate wel- comed Sarah Feiser to the
pike (I-76), Route 30, Route 15, Route 222, and Route 322 are all connection points that become gateways into some of the north eastern United States’s most populated plac- es. In a four hour drive-time from most points in Central Pennsylvania, you can reach areas such as Baltimore, Washington, DC, Richmond, Pittsburgh, Philadelphia, Delaware, New Jersey, and New York. Access to these markets, gains you access to a number of major airports and seaports. Where are the “distribu- tion hotspots” in Central
Pennsylvania? If you were asked to look at a map of the region and guess from which point along Central Pennsylvania high- ways you could reach the most population within a 1 hour drive-time, which would you choose? The correct answer is Shrewsbury, York County. Within a 1 hour drive-time of Shrewsbury, you can reach just under 3.5 million peo- ple and 138,000 businesses (that’s 83.5% more popula- tion than the average for this data set). Shrewsbury ranks so high because within the continued on page 18A
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e am a s o f March 8th, 2016. Sarah will serve as an executive assistant with ROCK’s Bro- kerage Advi- sory group. Sarah comes
to ROCK with 7 years of experi- ence. She worked for CBRE in both Illinois and Pennsylvania during this time period. n Sarah Feiser
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