Years ago, the real estate market in our state not only flourished but was successful on many different fronts: commercial as well as residential, urban as well as suburban. These days, it’s a bit of a different story—and one that attorneys in particular should pay attention to in terms of their unique needs.

Today the real estate market in Connecticut is very location-driven. Unlike the homogeneous market of the ’70s and ’80s, it now is broken into segments. Overall investment in the real estate market is still vibrant; however, we are starting to see an increase in the cost of borrowing, which is going to have downward pressure on the market value of particular projects.