Search
 

New Haven Holding Its Own During Downturn

NEW HAVEN, CT-While Fairfield County and its environs have seen their office vacancies rise dramatically after Sept. 11, the New Haven County office market has shown resiliency and has so far held its own during the current economic downturn.

By John Jordan | Updated on February 19, 2002

NEW HAVEN, CT-While leasing demand has slowed down somewhat during the current economic downturn, the New Haven County office market remains relatively healthy and Class A space in downtown New Haven continues to be hard to come by.

Reports on the New Haven County Office Market for the fourth quarter of 2001, released by area brokerage firms Insignia/ESG and Traub & Company, LLC, show that this market is holding its own at the moment.

Dean Shapiro, executive director of Insignia/ESG’s Westchester/Connecticut operation, says that New Haven County’s mixed results for year-end 2001 “are a strong indication that while the unusual surge of activity is definitely over, New Haven’s stable corporate base provides the county an anchor on which it can depend even in slower times. No wild swings for New Haven–and that’s a good thing when compared to other domestic markets.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.