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.
CoStar recently released its Q2 2012 industrial market results for Greater Hartford CT. Good news! Positive absorption (that means more space came OFF the market than went ON the market)! 1 million square feet of positive absorption! While I think one can challenge the actual number, no one can challenge the claim of positive absorption. More good […]
Not something that is done every day but in certain cases it might make sense. That is…raising the roof of your industrial building. If your building is well located but has low ceiling height think about the possibility of doing a “roof raise”. Cost runs from $15 psf to $30 psf but the total cost […]
OK, maybe not inexpensive as compared to all of the country…but this report by Deloitte shows us that lower Pioneer Valley MA and southeastern CT are more competitive regions than many parts of southern US! These areas might even be a better alternative for those Boston MA based companies looking for less expensive alternatives. See attached Deloitte report: New England […]
Just when everyone thought the market was turning around, along comes the most recent unemployment rate in CT. 9%! Ouch! Yes, that is .9% WORSE than the national rate of 8.1%. So, do you still think we are headed back? Well, if you look at the number of transactions in the last 60 days and the […]
A little on the light side! A pic of a little critter we needed to deal with on a recent showing. And you thought brokerage was easy! Keep smiling! Mark
In case you missed it…big happenings in the Bradley International Airport region lately! Expansion of the Foreign Trade Zone and the creation of the Bradley Airport Development Zone. The expansion of the FTZ to Griffin Land’s New England Tradeport gives companies doing business internationally additional options for places to do business and take advantage of the FTZ benefits. […]
