NEW HAVEN’S OFFICE VACANCY RATE AT 11.5%

An article in the New Haven Register reported that the city’s vacancy rate among office space was holding at 11.5 percent last quarter, up from 10.6 percent in the third quarter of 2009. Olympia Properties’ Christopher Nicotra said that banks are starting to lend money again after a long period of stricter policies brought about by the recession and its aftermath.

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