Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

June 12, 2023 / 2023 Power 25 Real Estate

2023 Power 25 Real Estate: Mark Duclos

Mark Duclos

Mark Duclos has been in the commercial real estate industry for over 35 years and is a go-to resource on major trends and issues, especially in the region’s distribution sector.

He typically represents southern New England companies that are in the manufacturing, warehouse and service industries.

Lately, Duclos said he’s been spending time building Sentry’s property and construction management businesses. Sentry recently took on property management of a 175,000-square-foot property at 15 Sterling Drive in Wallingford, which will be the new headquarters of the CT Lottery.

Duclos said most commercial real estate activity continues to reside in the industrial sector, however, vacancy rates continue to be in the landlord’s favor.

“I think the industrial market will continue to experience space shortages in the smaller categories,” he recently told the Hartford Business Journal. “The lack of speculative construction in the multi-tenant industrial market will further reduce overall vacancy. New construction pricing will not support existing lease rates in this market.”

Meantime, Duclos said large, big-box vacancies will rise due to the increase in sublease space. Overall, construction of big-box will continue to contract, as will the need for this space.

Duclos is active in the region’s real estate community. He has been on the boards of the Hartford Real Estate Finance Association and CT/Western Massachusetts chapter of the Society of Industrial and Office Realtors.

Check out the other 2023 Real Estate Power Players

Sign up for Enews

0 Comments

Order a PDF