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 […]
Thought
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. […]
Recent article from CoStar shows strong industrial real estate outlook in 2017 (warehouse/DC) – Lots of factors – Low interest rates, e-commerce and strong consumer spending – Report is consistent with our region – CT and Western MA had strong year in 2016 and we expect strong demand for quality space in 2017 – Issue won’t be […]
Lately lots of conversation and presentations on how Uber will transform the landscape of commercial real estate development. Less cars means less or smaller parking lots/parking garages. Less parking means less land needed for development. Less land means lower costs. Interested to learn more? This article (below) in the WSJ is a good start. Dear Tenant, […]
Good news again in CT! Henkel announces they have leased 135,000 SF at 200 Elm Street, Stamford CT for their new North American HQ! Stamford Patch news link: Henkel Announces Stamford HQ Location
We don’t usually post much about downtown happenings but thought you might be interested in the latest UCONN video loop on the progress of their downtown campus. Compliments of UCONN on YouTube: UCONN Downtown campus update