John DeStefano, Jr., the Mayor of New Haven, has appointed Olympia Properties’ Christopher Nicotra to serve on the Workforce Alliance Board. Since 1983, the Board has administered a variety of employment and training initiatives that prepare individuals for jobs and that assist employers with training and employee transition.
Office vancany rates dipped over 10 percent in New Haven as rents rose steadily, according to a May 2010 article in the New Haven Register. Olympia Properties’ Chris Nicotra is quoted noting that the increase in office rents has led some tenants to opt for retail spaces.
Despite continuing shakiness in the region’s economy, the city’s office real estate market continues to remain stable, according to new data from Colliers Dow & Condon. Chistopher Nicotra was quoted in anApril 2010 article in the New Haven Register that covered the report.
Bucking nationwide trends, vacancy rates in New Haven’s office market decreased more than two percentage points to 10.6%, a recent New Haven Register article reports. Olympia Properties’ Christopher Nicotra was quoted in the article noting the recent uptick of activity in the past month.
The latest data from broker Colliers Dow and Condon shows a that demand for New Haven office space has remained stable. Concerns that office tenants might downsize as a result of the economic climate have proven largely unfounded.
Despite the much-publicized downturn in in the national real-estate market, vacancy rates recently decreased in Downtown New Haven, a recent New Haven Register article reports. Christopher Nicotra, Olympia Properties’ Managing Member, is quoted in the article saying “The good [real estate] has a lot of demand.”
In a Register article on the plans to include retail space in the soon-to-be-completed Cooperative Arts High School, Olympia Properties managing member Christopher Nicotra is quoted commenting on the high demand for retail space downtown.
The O’Donnell Company, a sucessful marketing firm, recently moved to a new space in the beautifully-rennovated Monson Building at 760 Chapel Street. The Olympia Properties team worked hard to make the move a succes, and their efforts did not go unnoticed. Read the correspondence from Dan O’Donnell to Christopher and Dennis Nicotra of Olympia Properties.
Christopher Nicotra of Olympia Properties is quoted in a recent Business New Haven article about the current state of the downtown New Haven real estate market. The article concludes that “Investment appears to be chugging along.”
A recent New Haven Register article reports that New Haven vacancy rates for commercial real estate have hardly changed–an especially positive statistic compared to the real estate slowdown that has hit the rest of the country. Olympia Properties’ Christopher Nicotra is quoted saying “The market is in great shape…There’s demand for space.”