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.
According to the Hartford Business Journal, a 1.2-million-square-foot logistics building at 695 East Hartford Blvd. North is now available for sublease, indicating that Wayfair may not occupy the space as initially planned. The building offers flexible leasing options and features 40-foot clear heights, numerous docking sites, and extensive parking on a 112.4-acre property. For the full […]
According to the Hartford Business Journal, office vacancy rates in Greater Hartford decreased in the second quarter of 2024 as leasing activity increased. The overall office market saw a net absorption of 71,000 square feet in the first half of 2024, marking the first positive absorption since 2020. Class B buildings accounted for 61% of […]
According to the Hartford Business Journal, a 250,240-square-foot distribution center is under construction at 30 Hamilton Road in Windsor Locks. The $25 million development by Silverman Group is expected to be completed by early 2025 and is located in the Bradley Airport Development Zone, offering significant tax benefits. The property, purchased from Hamilton Sundstrand Corp. […]
According to the Hartford Business Journal, Spotless Linens LLC has purchased a warehouse at 133 Commerce St., East Haven, for $1.35 million from A&G Developments LLC. The 18,000-square-foot property had been vacant for a year prior to purchase. Spotless Linens, which had been leasing space in West Haven, plans to move into the new location […]
According to the Hartford Business Journal, a 15,000-square-foot industrial building at 439 Ella Grasso Blvd. in New Haven has been sold by 439 Ella Grasso Blvd LLC to Fitz Sons LLC for $1.4 million. The building, previously home to Lisy’s Discount Furniture store, will now be used for a contractor supply business. Click Here: Contractor […]
At Sentry Commercial, we are excited to share our comprehensive Mid-Year 2024 Market Report, packed with crucial insights and analysis to help you navigate the dynamic landscape of commercial real estate. Key Highlights: Industrial Sector: Greater Hartford: Industrial vacancies decreased to 4.6%, with rental rates up 4.0% year-over-year. Greater New Haven: Cumulative rent increased by […]
Market Reports
