New London, Connecticut: A Premier Destination for Commercial Real Estate

Introduction

New London, Connecticut, is a vibrant city with a burgeoning commercial real estate (CRE) market. Known for its maritime history and strategic coastal location, New London serves as a hub for various industries including maritime, healthcare, education, and defense. The city’s moderate size and proximity to major urban centers make it an attractive location for CRE investors seeking growth opportunities in diverse sectors.

Economic and Industry Overview

New London's economy is anchored by key industries such as defense, maritime, and healthcare, which significantly drive demand for commercial property. The presence of major institutions like the United States Coast Guard Academy and the Naval Submarine Base New London fosters a steady demand for office and industrial spaces. The city is also supported by economic development agencies that promote local business growth and attract new enterprises.

Strategic Location and Transportation Infrastructure

New London boasts a strategic location with easy access to major highways like I-95 and Route 32, providing seamless connectivity to New York City and Boston. The city's deep-water port enhances its logistical advantages, facilitating efficient cargo movement. Additionally, Amtrak services and proximity to T.F. Green Airport further solidify New London’s status as a prime logistical hub.

Commercial Real Estate Inventory & Zoning

The city features diverse CRE submarkets, including the Central Business District (CBD) and industrial corridors along the Thames River. Key asset classes include industrial, retail, and office spaces, with medical and multifamily properties also gaining traction. Recent zoning amendments have introduced overlays that incentivize mixed-use developments and sustainable building practices. Explore the city zoning maps for detailed zoning information.

Major Employers and Institutions

New London is home to significant employers such as General Dynamics Electric Boat, Lawrence + Memorial Hospital, and Connecticut College. These institutions, along with governmental centers like the U.S. Coast Guard Academy, are central to CRE demand. For more, visit the city's business directory.

Notable Commercial Developments & Projects

Key projects include the Fort Trumbull redevelopment area and ongoing waterfront revitalization initiatives. The city supports public-private partnerships and is actively engaged in Opportunity Zone developments to stimulate economic growth. For more information, view the planning department resources.

Building Permits, Planning, and Development Tools

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Data-driven insights are crucial for making informed investment decisions. Public datasets such as those from census.gov and the city's open data portal provide valuable information. Brevitas utilizes AI-powered aggregation to enhance data insights and offers specialized dashboards for New London.

Why Use Brevitas for New London, Connecticut CRE?

Brevitas is your gateway to New London’s CRE market, offering AI-driven discovery, real-time alerts, and collaborative dealrooms. Key features include: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure Explore Brevitas for unparalleled access to New London's commercial real estate opportunities.