We had an insightful panel discussion last Thursday at the REFA event, led by industry experts; Adam Winstanley (Winstanley Enterprises), Nate Kirschner (Hillwood), and Jay Dacey (Integrated Builders), with our own Mark Duclos, SIOR, CRE, providing expert moderation. The discussion focused on the evolving industrial real estate landscape in Connecticut and Western Massachusetts. Here's a snapshot of the insights shared: Vacancy Rates: Holding strong in the face of market fluctuations. Market Rents: Still on the rise, albeit at a gentler pace. Demand Dynamics: Steady, with promising signs of strengthening. Investment Challenges: Present, mainly due to a bid-ask disconnect. New Construction: A path riddled with lengthy approvals and potential litigation. The NIMBY (Not In My Backyard) sentiment is quite prominent. Supply Chain: Improving, though electronics remain a bottleneck - both in availability and cost. Land and Utilities: Sparse and challenging, especially away from residential areas. The insights provided valuable perspectives on market trends, challenges, and investment opportunities. Awesome to be a part of such an amazing event. #REFACt #IndustrialRealEstate #MarketInsights #NetworkingEvents #SentryCommercial
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🌟 Highlights from the Real Estate Finance Association of CT Event on February 29th 🏗️

We had an insightful panel discussion last Thursday at the REFA event, led by industry experts; Adam Winstanley (Winstanley Enterprises), Nate Kirschner (Hillwood), and Jay Dacey (Integrated Builders), with our own Mark Duclos, SIOR, CRE, providing expert moderation. The discussion focused on the evolving industrial real estate landscape in Connecticut and Western Massachusetts. Here’s a snapshot of the insights shared:

Vacancy Rates: Holding strong in the face of market fluctuations.
Market Rents: Still on the rise, albeit at a gentler pace.
Demand Dynamics: Steady, with promising signs of strengthening.
Investment Challenges: Present, mainly due to a bid-ask disconnect.
New Construction: A path riddled with lengthy approvals and potential litigation. The NIMBY (Not In My Backyard) sentiment is quite prominent.
Supply Chain: Improving, though electronics remain a bottleneck – both in availability and cost.
Land and Utilities: Sparse and challenging, especially away from residential areas.

The insights provided valuable perspectives on market trends, challenges, and investment opportunities. Awesome to be a part of such an amazing event.

#REFACt #IndustrialRealEstate #MarketInsights #NetworkingEvents #SentryCommercial

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