Trends in Connecticut Business and Real Estate Activity Rachel - - PowerPoint PPT Presentation

Trends in Connecticut Business and Real Estate Activity

Rachel Gretencord Director of Real Estate March 9, 2012

 Intro to CERC  Business and Real Estate Trends  Tools for Business Decision-Making

Overview

The Connecticut Economic Resource Center, Inc. is a nonprofit corporation that provides

• bjective research, marketing and

economic development resources to

make Connecticut a more competitive business environment.

Intro to CERC

Expert researchers providing current economic data and in-depth analyses Strategic counsel and implementation to exceed communications goals Comprehensive resources to support business attraction, formation and expansion

CERC Services

Real Estate Trends on SiteFinder

10 20 30 40 50 60 Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Lease Transactions Sale Transactions Total Transactions Linear (Lease Transactions) Linear (Sale Transactions)

Level of transactional activity:

• Sales flat since 2010
• Lease transactions gradually increasing
• Average transaction size: 7,740 sf

Year over year:

• From April on, the number of

transactions in each month of 2011 was higher than the same period in 2010.

• January 2012 is off to an even better

start.

Based on SiteFinder deactivated listings, Jan 2010-Jan 2012

10 20 30 40 50 60 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2010 2011 2012

• 2,000

4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 CTSiteFinder.com visits CTSiteFinder.com searches

Based on SiteFinder web traffic, Oct 2010-Feb 2012

• The number of searches on

CTSiteFinder.com during Jan and Feb 2012 is up 37% over the 2011 monthly average and 12% over the highest month in 2011.

• New visitors comprise 58% of

web traffic on CTSiteFinder.com.

Some Economic Indicators?

Who’s Inquiring

Construction 9% Finance/Insurance 4% Information Technology 3% Manufacturing 7% Other 16% Real Estate 3% Retail/Wholesale 16% Services 34% Transportation/Distribution 3% Unknown 5%

*Other also includes Government, Education, Communication, BioScience and Agriculture *Retail/Wholesale also includes Internet Distribution and Import/Export BRC and CLIC inquiries by Industry, 2011

Who’s Inquiring

Making Business Decisions Easier

SiteFinder Data Resources

Q: “I’m working on a business plan and budget for a new

• restaurant. How can I

make sure my revenue assumptions are reasonable?” A: Demographic, Labor Force, and Consumer Spending Reports

SiteFinder Data Resources

Q: “We’d like to move our headquarters to Stamford. Can our staff afford to live there?” A: Community Data

SiteFinder Data Resources

Q: “We need to expand our manufacturing facility to a second

• location. Are

there enough skilled workers here for me to

• perate?”

A: Demographic, Labor Force, and Consumer Spending Reports

SiteFinder Services

Q: We have implemented high-tech, computer monitored safety standards, but some people are sensitive about where we locate so we prefer to be away from population centers or environmentally sensitive areas. We need 15 acres within ½ mile of a major interstate, zoned for 24-hour industrial use. We want to locate in a town that supports our industry. And we want our search to remain confidential until we’ve had a chance to talk to our employees about a possible relocation. A: Active Needs Log

Tools for Success

 Objective research, marketing, and economic development services  Accessible demographic and location data  Reliable resources for business decision-making

CERC’s Success Stories for 2011 include 93 companies representing over 1,000 new jobs and more than 1.6 million square feet of commercial space.

Contact Us

CERC realestate@cerc.com 860.571.6212 www.cerc.com www.CTSiteFinder.com

@CERCInc, @CERCSiteFinder and @CT_BRC_CLIC

Erron Smith Economic Dev. Specialist Stephen MacKenzie Senior Vice President Rachel Gretencord Director of Real Estate