For those of you who think that it's impossible to sell an industrial building in Connecticut, we have good news! Although it is often reported that manufacturing, and most industry, is dying in our region, industrial buildings are still desirable. It may be that they are more often used as warehouse space, or flex space of some kind, or even converted to residential use, but they are being shown, and bought.
We have closed two buildings in the past week that went into contract within two weeks of being listed. They were both industrial free-standing buildings, and they were in two different parts of our market, and they both attracted calls,showings, and offers right away. They were priced correctly, and were in the "sweet spot" of 5,000-15,000 sf, with docks and overhead doors.
If you've been waiting to see what will happen, wait no more, because investors are also active in our market, and users won't want any extra competition. Some people have needed more space for years now, and finally are pulling the trigger. Others are opening new businesses or territories, and some are just betting on the come that prices will increase.
It almost doesn't matter what reason you find most compelling. It just matters that sellers know to list now, and buyers know to act now. You'll be glad that you did.
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