Stamford, Hartford Have Most Office Distress in Nation
Two Connecticut markets have some of the highest shares of distressed commercial loans in the nation according to a new report.
Hartford Sees Nation-Leading Jump in Office Conversions
A new report from Rent Cafe estimates the Greater Hartford pipeline of office-to-residential conversions likely to deliver this year at 930.
Biden Administration Announces Office-to-Residential Incentives
The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.
State’s Major Office Markets Can’t Gain Traction in Q2
Office tenants’ slimmed-down space requirements continue to temper leasing demand within Connecticut’s major office markets, keeping vacancy rates elevated and favoring high-end properties.
How Other Cities Hope to Boost Resi Conversions Downtown
The conversion push is marked by an emphasis on affordability and serious tax breaks for developers to incentivize office-to-housing conversions.
Hartford HealthCare Ditches Downtown Offices for Farmington
One of downtown Hartford’s major office tenants is decamping for the suburbs.
Reports: Two Major Hartford Office Users to Slash Footprints
Two major Hartford office tenants are preparing to permanently cut their office footprints according to multiple reports in local media.
Stamford HR Firm Finds ‘Significant Gap’ in Remote Work Expectations
Stamford-based HR firm OperationsInc said its research shows a “significant gap” remains between managers’ and workers’ expectations and desires around remote work.
The Hartford Sends Employees Back to the Office
In what could be a positive sign for Hartford’s office market, The Hartford insurance company announced its workers will return to the office starting in December.
Hartford Ranked Worst Metro in Real Estate Outlook Report
Greater Hartford ranks dead last among 80 U.S. metro areas in an Urban Land Institute report that gauges economic conditions and investor demand for real estate in 2022.
Sun Life to Take 47K SF in Hartford’s Gold Building
Insurance company Sun Life announced it is taking 47,000 square feet in the 26-story Gold Building at the corner of Main and Pearl streets.
Lifting Restrictions May Not Create Stampede Back to Offices
Not all Connecticut businesses are planning to rush back into their offices following Gov. Ned Lamont’s decision to lift restrictions on offices.
Hartford HealthCare Takes 82K SF in City’s Downtown
The Hartford HealthCare hospital system will be the new occupants of six floors at downtown Hartford’s 100 Pearl St. tower following the signing of one of the city’s biggest commercial leases in recent months.
Hartford Lands Health Care IT Firm’s ‘Innovation Center’
New Jersey-based enterprise IT firm GalaxE.Solutions has opened an “Innovation Center” in downtown Hartford’s Stilts Building, and hopes to grow the office into a program to help fuel a tech-led change in the city’s economy.
West Hartford ‘Fintech Village’ Plans Revealed
New York financial services firm Ideanomics announced its plans for a 58-acre former University of Connecticut commuter campus in West Harford on Monday.
Seeking to Consolidate Office, Major Hartford Law Firm Moves Towers
A major Hartford law firm is relocating from CityPlace I to the city’s Prudential Building.
Central Locations In Demand By Industrial Tenants
Improving market conditions for industrial properties in Greater Hartford and retail space in Fairfield County were bright spots in Connecticut’s commercial real estate market in 2016, offsetting stagnation in the office sector.
