Where are apartment renters in the New Haven metro area moving here from — and moving away to?
A new report from the website ApartmentList.com offers some interesting anecdotal evidence — although with a sample size too small to be of real statistical significance.
The top three markets where inbound apartment searches to New Haven originate are New York City (30.3 percent of measured searches), Bridgeport (17.6 percent) and — in an upset — Worcester, Mass. (9.8 percent).
Regarding outbound searches for apartment renters already in greater New Haven, the top three destinations are Hartford (18.6 percent), Bridgeport (16.5 percent) and Boston (10.5 percent).
In addition, more than two-thirds (68.7 percent) of those looking for a place to live in New Haven are searching from outside the metro, while 43.7 percent of apartment hunters currently living in New Haven are looking to move elsewhere.
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Also in the residential rental market, Washington Trust’s Commercial Real Estate Group recently provided $28.5 million to Hadley Inc. for the refinancing of a 14-property multi-family portfolio located across New Haven and West Haven.
The 14 properties in the portfolio house a total of 383 apartment units. The properties, which include nine in New Haven (including the Trumbull Street and East Rock neighborhoods) and five in West Haven, are mostly pre-war, Class B buildings featuring hardwood floors, fireplaces and detailed moldings characteristic of the era.
TRANSACTIONS
James F. Perrella has leased a 1,212-square-foot unit at 193 Bridgeport Ave., Milford. Perrella is the owner of an eponymous insurance agency former located on Main Street in Stratford but which wanted to relocate to his hometown of Milford. The landlord is Naugatuck Junction, LLC, which was represented in the transaction by Bill Clark of the Geenty Group, Realtors. Erik Smith of Coldwell Banker in Orange represented the tenant.