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The Greenwich and Stamford CBD zones, which accounted for 73.7 percent of the first quarter’s leasing activity
The 265,000-square-foot commercial property was built in 1923 as a hat manufacturing facility.
“In Bridgeport, they are looking for more residential opportunities than commercial opportunities,” said Kim Galton, director of retail for Houlihan Lawrence’s Commercial Group.
One Dock Street is a refurbished 1883 former mill building-turned-office complex in the South End of Stamford.
Tim Rorick at NKF noted an increased demand by smaller tenants for "boutiquey office buildings" Norwalks' SoNo neighborhood.
The Westchester County office market moved forward on two fronts during 2018. The first was a continuation of the positive absorption trend. The second was the continued demolition or repurposing of existing buildings.
The new Hudson Park complex in Yonkers is a prime example of how improving transportation infrastructure can help revitalize overlooked areas that have been difficult to develop.
The perennial appeal of Greenwich has led to a significant tightening in the Greenwich commercial business district office market.
“During my years in the industry, I witnessed first-hand how the underwriters and (catastrophe) modelers suffered from manual processes and lack of support systems,” said Pricing Platform founder Sito Sarkar.
Tom Pajolek, executive vice president at CBRE’s Stamford office, predicted that the regional market will close the year with a flurry of new leasing activity.
Caruso discusses the commercial real estate market in Fairfield County, both on its own terms and in comparison with Westchester.
Kuchma offers a preview of his latest project and his thoughts on the state of Bridgeport's commercial real estate market.