Market Sales and Leases for September 2009

Industrial deal volume in Southern New England for September of 2009 remained low, relative to historical activity levels. Small to medium size activity remains the strongest…but “strongest” is a relative term. That said, most brokers are saying that November is starting bring more inquiries and more “foot traffic” to client properties. Hopefully that translates to stronger deal volumes in early 2010.

However, there is a substantial backlog in available properties. Over 70 industrial properties over 100,000 square feet available in CT. Over 15 available in Western MA. So while activity levels might pick up…expect bidding wars by landlords to attract those deals.

Click the link below for the September 2009 market activity report:

September 2009 – Market Sales and Leases

Happy Thanksgiving!

Keep smiling!

Mark