From the August issue: Connecticut’s commercial real estate market has long struggled to compete with its massive neighbor to the south, New York City. And the 2008 financial crisis dealt the state a massive blow from which it has yet to totally recover.
In this month’s Q&A, The Real Deal checked in with brokers in Connecticut to find out how commercial real estate is holding up in Fairfield County, the area of the Constitution State closest to Manhattan. Generally, brokers say that activity has slowed down this year for both leasing and investment sales, but note that opportunistic buyers are finally starting to purchase buildings as lenders stop the practice of extending loans and allow buildings to fall into distress. [more]