Market Insights
From major acquisitions and new developments to shifting trends and standout deals, we bring you fresh updates, local stories, and expert takes on the commercial real estate moves shaping our region. Whether you’re tracking the latest transactions or just curious about what’s next, we’ll keep you in the loop with news that’s timely, relevant, and easy to digest.
Commercial real estate information provider, CoStar Group, Inc., has recently released its latest Greater Hartford Industrial statistics. The numbers show a 9.9% vacancy rate in the Hartford industrial sector. While a few of the reported transactions (Waterbury and Chicopee) fall well outside of what the region calls “Greater Hartford” the fact remains that the 9.9% rate […]
One of the best kept secrets in the commercial real estate industry is the Property Assessed Clean Energy program (PACE or C-PACE). What is it? This is a program that is available in 9 states (including Connecticut) with an additional 12 states in the development phase (including the rest of New England (http://pacenow.org/pace-programs/)). The PACE program offers landlord and commercial […]
Just the mention of the word “Washington” sends shivers down all of our spines. How can one city polarize so many people and cause so much angst in our lives? Well, apparently the good news is that US manufacturers aren’t paying all that much attention to Washington and they are going about their business. We […]
Just in case you didn’t think they were speaking any longer…they are! Yes, Amazon is reportedly STILL under contract and still speaking with the Town of Windsor about plans to develop a new 1.5 million square foot distribution center just off of Day Hill Road. Apparently “rumors of Amazon not being interested in the town have been greatly exaggerated”. See […]
I had the opportunity to attend the Connecticut Economic Resource Center’s Showcase event yesterday. It was held at the Northeast Utilities Berlin CT headquarters. A nice event attended by approximately 100 people in the real estate industry. The panelists for the event were Daniel Esty, Commissioner of DEEP, Catherine Smith, Commissioner of DECD and Jim […]
Upbeat report from CoStar this past week. Coming off a strong finish in 2012, warehouse markets throughout the country have continued to improve at the beginning of 2013. 43 of the 54 markets in the US posted positive absorption. Even the weaker markets only had a combined 3.4 million sf of negative absorption. Vacancy rates are down, […]
