Dale Kroop, Director
call (203) 287-7030
Analysis Shows Hamden's Real Estate Market Strength
The second quarter market review by CB Richard Ellis shows that Hamden has among the lowest vacancy rates in the New Haven Region for Office and Industrial space.
Of the communites with similar population figures Hamden ranks the lowest for both categoies in vacancy rates. Its 9.03 vacancy rate for Office Space is significantly lower than Meriden ((30.64%), North Haven (14.89%), Milford (18.33%) and the region overall at 15.46%.
Regarding Industrial vacancy rates, Hamden also places the lowest of its peer communities at 6.12% as compared with Branford (14.06%), Cheshire (14.98%), Milford (20.15%). and West Haven (16.60%). The total regional vacancy rate is 13.74%.
Town officials regard these quarterly results as a reflection of their aggressive Business Incentive Program and strong Business Retention Cluster Initiatives. "We are very pleased to see that the hard work of the Hamden Economic Development Commission in partnership with the Legislative Council has kept Hamden Business base strong despite the recession. Our average square square foot costs for office and industrial space are right at the overall regional levels. This tells me businesses come to Hamden because of our many business incentives our proactive business climate and because of the desirability of our community." stated Dale Kroop, Director of Economic and Community Development.
For further information regarding the Town of Hamden's business incentives and other programs go to www.hamden-ct.com or contact the Director of Economic and Community Develoment, Dale Kroop at 203-287-7030
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