According to the Hartford Business Journal, Lower Fairfield County’s office availability declined to 28% across 16.4 million square feet of Class A office space as more buildings were removed from inventory for redevelopment projects. Choyce Peterson reported that more than 1.8 million square feet of office space has been taken out of the market since […]
Market
According to the Hartford Business Journal, Hartford officials are seeking to postpone the city’s next property revaluation by one year, moving the scheduled reassessment from 2026 to Oct. 1, 2027. The proposal, which was introduced to the City Council and referred to a committee for review, follows state legislation that grants Hartford a one-time opportunity […]
According to the Hartford Business Journal, Otis Worldwide plans to relocate its corporate headquarters from 1 Carrier Place in Farmington to leased office space at 29 South Main St. in West Hartford in 2027. The company has signed a lease for approximately 31,790 square feet at the Town Center complex while maintaining its broader Connecticut […]
According to the Hartford Business Journal, Jasko Development expanded its downtown New Britain holdings with a $1.5 million acquisition of the neighboring properties at 2-26 Main St. and 3 Franklin Square, along with a small adjoining parcel at 12 Glen St. The transaction included a 16,326-square-foot office-retail building on a quarter-acre site and a 3,045-square-foot […]
According to the Hartford Business Journal, 3R Realty LLC purchased the medical office property at 22 Morgan Farms Drive in South Windsor for $1.4 million and plans to relocate RS Dental CPA’s headquarters into the building while maintaining it as a medical and dental office complex. The asset was acquired from 22 Morgan Farms LLC, […]
According to the Hartford Business Journal, New Haven is considering a 12-month moratorium on new data center construction and on the conversion of existing properties into data centers while it develops zoning regulations for the industry. The proposal, which is scheduled for review by the City Plan Commission, would temporarily prevent city departments from accepting […]