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Where is the commercial real estate market going?

Where is the commercial real estate market going? Not just New Haven, but all of Connecticut

Connecticut declared its recovery from the recession, but at the same time lagged behind the other 49 states in jobs creation. Everyone in the state, from the utility companies to town economic developers, is working nearly tirelessly to bring employers into the state and keep existing employers in state. Retailers hear the call. Towns such as Hamden, Branford, Danbury, Milford continue to grow their retail sectors. Manufacturers, however, are not as easily wooed. But distributors are. Whole Foods is building a large distribution center in Cheshire to serve the Northeast as the grocery chain expands through Connecticut and its surrounding market area.

While the retail section of the commercial market is going stong and the service end of the market: electricians, contractors, plumbers...seem to be busier than ever, where is the commercial real estate market headed in our state?

October 6, 2005

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