Commercial Properties:

The city of New Haven has received a great deal of development since the 1990’s and has been a major focal point of new job and industry growth. The downtown area has seen a lot of revitalization to help grow small business. For those looking at office space in the greater New Haven area, there are great options to explore. Although the area has high priced office space, some areas still have a lot of positive, low cost options. A recent survey of commercial property in New Haven showed rates at around $2 a square foot for 1,000 square feet and under. There are definitely bargains in the area, as the economical downturn of the nation didn’t leave New Haven alone, so entrepreneurs of all backgrounds can take advantage of the opportunities that abound in the area. We also service commercial property in Hartford, New York, Boston, and Baltimore. If you need to search for more options, or learn about the rental market for office space in your city then check out our articles. Before choosing an office or executive suite you should do your research - how many employees do you expect and what kind of floor plan you need? The city of New Haven is the second largest city in the state of Connecticut. It is also ranked he 6th largest municipality in the region of the East Coast of the United States known as New England. The estimated population of the New Haven is 124,00 residents, and a greater metropolitan are of around 846,766. The area has a deep history that dates back to 1638, and is sometimes referred to as the Elm City. The city is famous for being the Home of Yale University, and it is one of the bigger parts of the economy.

Economy / Jobs:

The city of New Haven has a rich economy that relies heavily on the growth and development of the largest school in the area, Yale University. More than half of the city’s economic picture relies heavily on education and healthcare. The city has a great deal of white-collar employment options, and the largest employer in the area is the University. The area is home to large companies, in a variety of vocations. Some of the larger companies in the area include, The Knights of Columbus, Hubbell, Alexicon Pharmaceuticals, Assa Abloy, and many other companies. Despite the concentrated job market, and plenty of options to explore the unemployment rate of New Haven has recently hovered around 10%. The economic outlook remains positive by many analysts and economists.
The climate of New Haven is classified as a humid continental climate and is relatively similar to other regions in the New England region. The summers are warm and can be coupled with humidity with a great number of thunderstorms. The winters are in fact cold and feature plenty of snowfall. Fall and spring have distinct changes with temperatures shifting, and offering a great variety to the more extreme summer and winter months.

New Haven Housing:

The real estate market in the greater New Haven area is interesting to note, as it has shifted in recent economical hard times. The latest median home price rates are around $160100 but are a point of argument between many different economists and analysts. Some argue that the average median home price is actually closer to $290,000. Searching the real estate market will undoubtedly have a range of options to explore.
The Mayor of the city of New Haven is John DeStefano Jr. and has been working in the area since 1993. He has been reelected 7 times and continues to assist the city with successful measure to revitalize downtown, create jobs in high tech and biotech companies, and help reduce class size differences as well as rejuvenate the public school system. He is a democrat and has been working politics for a long time.