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.
Patrick McMahon, Director of Economic Development at the Town of Suffield, has recently accepted the CEO position at CT Main Street Center. Good for CT Main Street Center. Tough news for the Town of Suffield. Patrick is a great example of how important a good economic development officer is for a town. Great representative of its […]
At a time when Connecticut has had its share of bad news, nice to see some good news coming from one of our major employers. UTC unveiled its Innovation Hub on Friday afternoon. A $60 million dollar investment into 185,000 SF of new and existing office and laboratory space. “Global innovation at UTC begins right here at the […]
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 […]
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, […]
Market Reports
