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

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

Intro to CERC The Connecticut Economic Resource Center, Inc. is a nonprofit corporation that provides objective research, marketing and economic development resources to make Connecticut a more competitive business environment.

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

Real Estate Trends on SiteFinder 60 Lease Transactions 50 Level of transactional activity: • Sales flat since 2010 Sale Transactions 40 • Lease transactions gradually increasing 30 Total Transactions • Average transaction size: 7,740 sf 20 Linear (Lease Transactions) 10 Linear (Sale 0 Transactions) Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 60 50 Year over year: 40 • From April on, the number of 30 transactions in each month of 2011 was 20 higher than the same period in 2010. 10 • January 2012 is off to an even better 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec start. 2010 2011 2012 Based on SiteFinder deactivated listings, Jan 2010-Jan 2012

Some Economic Indicators? 18,000 • The number of searches on 16,000 CTSiteFinder.com during Jan 14,000 CTSiteFinder.com and Feb 2012 is up 37% over 12,000 visits the 2011 monthly average and 10,000 12% over the highest month in 8,000 2011. 6,000 • New visitors comprise 58% of CTSiteFinder.com 4,000 searches web traffic on 2,000 CTSiteFinder.com. - Oct-10 Jan-11 Apr-11 Jul-11 Oct-11 Jan-12 Based on SiteFinder web traffic, Oct 2010-Feb 2012

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 A: skilled workers Demographic, here for me to operate?” 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 Stephen MacKenzie Rachel Gretencord Erron Smith Senior Vice President Director of Real Estate Economic Dev. Specialist www.cerc.com www.CTSiteFinder.com @CERCInc, @CERCSiteFinder and @CT_BRC_CLIC