
Hartford Office Market Dips Further Below 30 Percent Availability
In a market that saw a 29.9 percent availability rate in the first quarter, that could count as good news.
In a market that saw a 29.9 percent availability rate in the first quarter, that could count as good news.
The conversion push is marked by an emphasis on affordability and serious tax breaks for developers to incentivize office-to-housing conversions.
Downtown Hartford has snagged another suburban insurance company looking for new digs.
After two terms spent stabilizing the city’s finances, Hartford Mayor Luke Bronin says he won’t be seeking another four years in office.
The opening of Sun Life’s new office in Hartford’s iconic “Gold Building” was greeted with fanfare and joyful proclamations from Gov. Ned Lamont and city Mayor Luke Bronin even as commercial brokerages recorded a big uptick in downtown office vacancies.
With demand for Hartford office space showing little sign of recovery from its pandemic-induced blues, area business leaders and municipal officials are putting their heads together to figure out what to do.
One of Hartford’s biggest office landlords has filed suit against the city for allegedly overvaluing its properties.
Add another suburban Connecticut office complex to the list of ones potentially facing trouble as employers reconsider their space needs in an era of increased remote work among office tenants.