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the next hot property

The next hot market in Connecticut? Follow the shoreline home sales. The I-95 Corridor from Madison to Old Saybrook The definition of New Haven business is going to be expanded to include Middlesex and New London Counties. Commercial Real Estate is going to be a hot commodity over the next couple years as business pushes away from the 'Q Bridge' (The Quinnipiac River Bridge) Clinton, Westbrook, and Old Saybrook will benefit. Light industrial space, which is in demand and hotter than ever right now, in the purchase market, will continue to be in demand. Small office spaces particularly those available to buy will see demand grow, however large corporate headquarters will remain scarce as they are across the office market throughout Connecticut

As has been the case in most of Connecticut, purchasers of Commercial property will run into ,""bidding war,"" situations. In a bidding war, approaches vary as widely as buyers. Some strategies and plans will be outlined in my next installment - kristin

March 31, 2006

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