New Haven Office Market Report

Our regional market new haven is a sophisticated shoreline city that offers old new england charm modern innovations and a diverse cultural landscape. The firm has been growing rapidly since its move from st. A hub for bio tech startups life sciences and pharma and yale university the elm city contributes to the quality talent pool that further attracts innovators and potential employers to the region.

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Louis in 2012 and is building a new headquarters here for 2020.

New haven office market report. 2nd quarter2019 new haven office market report connecticut innovations the quasi public fund that invests in technology healthcare and manufacturing companies in the state has signed a lease to move its headquarters from rocky hill to district new haven the recently developed tech center on james street. 165 church street new haven ct 06510. Assessment date october 1st is the uniform assessment date in the state of connecticut. The latest chapter involves the gradual unwinding of higher o.

There are several deliveries scheduled for 2019 as well located near major transit routes outside norwalk milford and new haven. Q2 2017 new haven office market report one of the largest categories of tenants in the new haven office market is schools. The move undoes what had been t. Office vacancy rates in new haven continued their upward trend this past quarter as another large block of available space hit the market.

The new haven office market was hit with something of a bomb on september 12 when alexion pharmaceuticals announced it is moving its headquarters to boston in mid 2018. The city of new haven. Total available space in the 59 buildings tracked for this report fell 320 square feet an improvement for the market roughly equivalent to the opening of a new conference room. Not much happened in new haven s office market this past quarter leading to the predictable result that not much changed in the occupancy vacancy statistics.

Office rent continued its growth 3 y o y into the second quarter boosted primarily by strong u s. Office and industrial sectors continue to show strength while the retail sector has begun to trend down. The mill rate for the 2018 grand list is 42 98. Cable company charter is also contributing to rising office demand in the city.

Yale university leases hundreds of thousands of square feet in investor owned buildings for administrative departments and academic programs. Open space or maritime heritage land is assessed at 70 of its fair market value. Cookies this website uses cookies to remember site preferences. 4th quarter 2019 new haven office market report the knights of columbus a longtime new haven institution and one of the city s largest employers has purchased the office building at 545 long wharf drive for 12 81 million or about 49 per square foot.

By using this website you consent to the use of cookies. Industrial rent observed strong upward growth 3 y o y across all regions.