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July 12, 2019 REAL ESTATE ROUNDUP

NH residential rental market flat

PHOTO | Pixabay.com

The good news is that renting an apartment in New Haven remains more affordable than many major U.S. cities, including New York, San Francisco, Seattle and Denver. The bad news is that the residential rental market here is still priced above a number of fast-growing U.S. metro areas, including Atlanta, Minneapolis and Dallas/Fort Worth. According to the monthly rent report from Apartment List, the average two-bedroom apartment in the Elm City rented for $1,330 in June. That figure was essentially unchanged from May, and represents a marginal 0.8-percent increase from June 2018. That increase lags the statewide average rental increase of 1.3 percent year over year, as well as the national average increase of 1.6 percent.

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Press/Cuozzo Realtor Neil A. Scarfo of Branford has earned Realtor Emeritus Status from the National Association of Realtors, the company announced. This milestone designation is given in recognition of 40 or more years of membership in the National Association of Realtors and for lasting and valuable contributions to the real estate profession in the community. A graduate of Quinnipiac University, Scarfo has 40 years of experience in new construction, residential sales, commercial sales, residential and commercial leasing, and property management.

TRANSACTIONS

Research Drive, Milford

Two new commercial leases have been signed for space on Milford’s Research Drive. Coastal Pool & Game Room LLC has leased an 800-square-foot unit at 233 Research Dr., Milford for sales and service of pool tables and other games. Bill Clark of the Geenty Group, Realtors represented company principal Chaz Wright in the transaction. Also, 4U Heating & Cooling LLC has leased 800 square feet of open/warehouse space at 249 Research Dr., Milford. Geenty’s Cheryl Morris represented the tenant. The landlord for both units is D’Amato Investments LLC, which was represented by Geenty’s Clark in both deals.

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