According to the Courant, competition among potential tenants “is pushing office leasing rates up to nearly $40 a square foot, the highest seen in the region.”
It’s ultra hot real estate, which is great for our town.
Other developers can’t help noticing the riches, of course, which may mean more prime office space gets built in town before long.
But it also means that commercial office space is going to be worth more here than it has been — and that will eventually help cushion homeowners from future property tax hikes.
In short, it’s thrilling news to see that the project is paying off.
Naysayers, your turn now….