Actually, the real problem is that there isn't enough to fly off anything. For many years now, industrial real estate has languished, and much of it has been converted into other uses. Little new square footage has been built. As a result, there is a real dearth of supply. With demand booming in many industries, and PPP money shoring up cash balances, people are looking. And not finding anything, in most cases.
If you need more space, or are planning to move in the next few years, this is the time to put your current property on the market. As buyers in the residential market abound, there is evidence all around of residents putting down roots in Connecticut. They will need jobs, or they will own or open businesses. This is a great opportunity for sellers, since supply cannot simply catch up with demand in the short run.
It may be cheaper to buy new, and sell what is outgrown. Sellers with land, or extra land around a facility, should consider monetizing that property. With so much pent-up movement, and a year of doing nothing behind us, 2021 is shaping up to be a great year for real estate. Why not join in the party now?
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