What is your opinion of our current market here in NEPA

[Nicholas Weckstein]

Hey everyone ! 

Figured id reach out here to all my fellow Wilkes Barre/Scranton investors to see how everyone is doing now that covid restrictions have died down. What is your take on the market? For us we are seeing that the rents have stabilized and seem to be holding, which is great news! Rents have finally caught up with the times now. We even got some great appreciation as did most other markets. As for future values I think we have room to continue growing

I think everyones next question is/was...will it last? is it a bubble? 

I truly feel that NEPA, specifically Luzerne and Lackawanna counties were lagging behind for years in terms of pricing and rents, and honestly even wages. Wages have increased significantly. 

NEPA has always weathered the storms well and been shielded from bubbles. So much new investment and jobs have been coming to the county. I feel that the outlook for the next 5 years is great!

Ive always pointed out the fact that hazleton, and the Poconos have prices and rental rates considerably higher and are close enough that we should benefit from it. 

Last month I had the pleasure of getting together with a group of guys from Jesery, New York and PA for a networking meeting in scranton. Would love to hold another one in the near future.