Greater New Haven, and especially New Haven itself, have become places where investors are looking at affordable properties. Many have been priced out of New York and Boston, but know that our market lies just between those two cities, and that real estate is way cheaper here than in those two markets. Therefore, many buyers have swooped in and bought (sometimes even sight unseen) buildings, especially multifamily housing units. New Haven had the lowest apartment vacancy rate in the country, so it makes sense that investors would seize on that to buy or build.
But that also opens another avenue, and perhaps one more suited to local owners and investors. What services will those apartment dwellers need? We wouldn't have the infrastructure in place for all those new units, so there's a big opportunity. Would you like to own or develop retail, restaurants, service economy space, or parking? Here's your chance! Be the person who provides the missing links for the new citizens of the city, and you may be handsomely rewarded.
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