Mid-Year CRE Check-In | What We’re Seeing in the Market

Mid-Year CRE Check-In | What We’re Seeing in the Market

As we move into Q3 2025, the commercial real estate market in Connecticut and across the U.S. shows signs of steady recalibration. Investors are gravitating toward stabilized assets and high-credit tenants, while owner-occupants continue to drive activity in key submarkets.

Here in Connecticut, we’re seeing:
✔️ Multifamily development sites continuing to command attention — like our recent sale of 382 Ferry Blvd, approved for 119 units in Stratford, CT.
✔️ Retail leasing is gaining traction in mixed-use and walkable downtown settings — we’re seeing strong momentum at the Audubon, the Anthem and SoNo Central.
✔️ Industrial assets remain highly sought-after, especially those with value-add potential, reflected in the activity and interest at 724 Grand Avenue, New Haven.

At the Ballou Team, we’re seeing renewed confidence in local CRE as fundamentals outweigh short-term headlines. If you're thinking about buying, selling, or repositioning an asset this quarter, now’s the time to plan.

Stay tuned for our State of Market Whitepaper next week. DM us to discuss your strategy.