Just returned from a short week in Chicago, site of the SIOR Fall World Conference. Just about 1,000 attendees and lots of opinions! Overwhelming opinion is this industrial real estate run has lots of legs left to it. In fact, at the risk of sounding overly-optimistic, most people don’t see an end in sight (of course, isn’t that the time you […]
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Good morning everyone! See link below re: a CT industrial market update I was asked to do for Northeast Real Estate Business – Quick snapshot of the local market. Enjoy! CT’s Tight Industrial Market May Limit Growth
Patrick McMahon, Director of Economic Development at the Town of Suffield, has recently accepted the CEO position at CT Main Street Center. Good for CT Main Street Center. Tough news for the Town of Suffield. Patrick is a great example of how important a good economic development officer is for a town. Great representative of its […]
At a time when Connecticut has had its share of bad news, nice to see some good news coming from one of our major employers. UTC unveiled its Innovation Hub on Friday afternoon. A $60 million dollar investment into 185,000 SF of new and existing office and laboratory space. “Global innovation at UTC begins right here at the […]
There’s been a lot of not-so-good news in our region lately but there seems to be more good too. The cynic (I am one of them) says, over the years, too little good and too much bad. That said, lately, seems to be more good than bad. Latest good news? Colt Manufacturing is growing again! Good […]
The Connecticut and Western Massachusetts Chapter of SIOR has released its Year-End 2016 Market Survey. Chapter members continue to be optimistic about this coming year’s industrial market. The full market survey is attached but here are some highlights: 1) 50% believe industrial lease rates will increase in 2017. 2) 82% believe vacancy rates will decrease. […]