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605A Orange Center Road Orange CT 06477 email: info@orangetchamber.com |
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Orange First Selectman James Zeoli
Orange Economic Development Corp Executive Director Paul Grimmer
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2nd Quarter Retail Vacancy Drops The Orange Economic Development Corporation recently released its 2010, 2nd Quarter Commercial Vacancy Rates. In early 2010, the OEDC conducted a survey of every commercial and industrial building within the Town of Orange. Since that time the OEDC has tracked local vacancy rates for retail, office and industrial space. Based upon the information collected retail vacancies, within Orange have dropped to 8.31%. One year ago the vacancy rate for retail space was 10.94%. The most notable changes this past quarter include: Close to Home purchased, remodeled and opened their store at 196 Boston Post Road Ocean State Job Lots purchased the former 30,000 square foot, COMPUSA building located at 401 Boston Post Road Saver's remodeled and opened at 130 Boston Post Road The Peking Duck House has opened at 500 Boston Post Road Finally, a new Hibachi Restaurant has leased 12,000+ square feet at the Hitchcock Plaza at 185 Boston Post Road. Paul Grimmer said, "We see a lot of interesting development on the horizon, as well, so we expect to see these rates decrease further by the end of the 3rd quarter. New Business Growth The number of new businesses that have entered the Orange marketplace since January has increased to
15 businesses, with 5 new businesses
this past quarter. These businesses include;
Contact the Chamber Phone: (203) 795-3328 Fax: (203) 795-5926 email: info@orangetchamber.com
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