Wednesday, January 7, 2015
New Year, New Start
It's a new year, we have had a lot of good news about our region's economic recovery at last, and our Governor has started a new term. Things are looking up, and doing it while interest rates are still low. What are we still waiting for? Product! We still need well-maintained, well-priced buildings for sale, especially in the 5,000-10,000 sf range. Although some sellers may be holding back in the hope of greater appreciation, there are lots of reasons for selling when the buyers are around. There has been a spate of job recovery in the greater New Haven region, so we know that businesses are expanding. We also know that our rental market is bursting at the seams, and has the lowest vacancy rate in the country still, so there are consumers out there, who would utilize retail and other services. We just need a little push, and the simplest way to get it is to find some sellers either to sell out or to list and move. How about it?