New Britain: A Premier Destination for Commercial Real Estate

Introduction

New Britain, Connecticut, is emerging as a significant player in the commercial real estate (CRE) market. With a population of approximately 72,000, New Britain is strategically located in the heart of the state, offering a robust economy driven by manufacturing, healthcare, and education. Its unique positioning in the CRE market is bolstered by ongoing development initiatives and its proximity to major transportation networks.

Economic and Industry Overview

New Britain's economy is anchored by several key industries, including:

• Manufacturing: Historically known as the "Hardware City," New Britain continues to thrive with a strong manufacturing base, demanding industrial and flex spaces.
• Healthcare: A growing sector that drives the need for medical office buildings and supporting retail spaces.
• Education: Home to Central Connecticut State University, which influences the local economy and CRE demand.

The city's economic development is supported by initiatives from the New Britain Department of Economic Development.

Strategic Location and Transportation Infrastructure

New Britain's strategic location is enhanced by its comprehensive transportation infrastructure:

• Highways: Easy access to Interstate 84 and Route 9, offering seamless connectivity to major cities like Hartford and New Haven.
• Rail: Served by the CTfastrak bus rapid transit system and Amtrak, facilitating commuter and freight movement.
• Airports: Proximity to Bradley International Airport, providing logistical advantages for businesses.

Learn more from the Connecticut Department of Transportation.

Commercial Real Estate Inventory & Zoning

New Britain boasts diverse CRE submarkets:

• Central Business District (CBD): A mix of office and retail spaces with potential for redevelopment.
• Industrial Corridors: Areas like Stanley Black & Decker's campus that offer industrial and flex properties.
• Innovation Districts: Spaces designed to attract tech and creative industries.

Significant zoning updates and developer incentives can be found on the New Britain Zoning Map.

Major Employers and Institutions

Top employers and institutions include:

• Stanley Black & Decker: A major corporate headquarters requiring large office and industrial spaces.
• Hospital of Central Connecticut: A key player in the healthcare sector.
• Central Connecticut State University: Influencing demand for retail and multifamily properties.

Visit the New Britain Business Directory for more information.

Notable Commercial Developments & Projects

Key projects shaping New Britain's CRE landscape:

• Downtown Redevelopment: Mixed-use developments enhancing urban living and retail opportunities.
• Public-Private Partnerships: Initiatives aimed at revitalizing industrial properties and creating job growth.

Details on these projects can be found via the New Britain Planning Department.

Building Permits, Planning, and Development Tools

Access essential planning resources:

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

Market Data & Economic Reports

Explore public data to inform your CRE decisions:

• U.S. Census Bureau
• New Britain Open Data Portal
• Economic impact reports available through the city's website.

Brevitas uses AI-powered aggregation from public data and internal insights. Discover more on our Brevitas Dashboard.

Why Use Brevitas for New Britain CRE?

Brevitas transforms CRE discovery with:

• AI-driven insights: Real-time market alerts and smart property pages.
• Collaboration tools: Seamless dealroom integration.
• Exclusive listings: Premium exposure on auto-generated listing pages.

Brevitas connects brokers, developers, and investors with unmatched tools and insights, making it the go-to marketplace for New Britain CRE.