Thursday, August 22, 2013

End of Summer Hopefulness

Greater New Haven's Commercial and Industrial Realtors held their annual outing yesterday, and the mood was upbeat.  Although a lot in August seems to be on hold for Labor Day and the coming of fall, most people were busy, or had the prospect of being busy in the weeks to come. 

That doesn't mean that all the property is being snapped up, however.  Really attractive office space is still begging, in many cases, for tenants.  And New Haven's dependence on not-for-profit employers and institutions leaves us vulnerable to changes in State and national funding.  However, retail has made a comeback, and flex and warehouse space is tight in some places.  There is somewhat of a disconnect between what buyers want and what sellers have to offer, but hey--there are buyers now!

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