Groton Connecticut Warehouse Spaces for Rent

Groton, CT Warehouse Space for Rent.

Find the ideal warehouse space for rent in Groton, CT. With a wide selection of properties available, you're sure to find the perfect fit for your business needs. The warehouses in Groton offer various features, including ample storage capacity, flexible lease terms, and convenient access to major transportation routes. Whether you need short-term or long-term storage, Groton has the warehouse space to meet your demands. Explore the available options today and secure the perfect warehouse for your business operations in this prime location.

Benefits of Groton's, Industrial Market.

Groton's Industrial Market is Thriving!

• Convenient Transportation Links: Easy access to I-95, local ports, and rail lines for efficient distribution and logistics.
• Strategic Location: Close proximity to major population centers and transportation hubs in New England and the Northeast.
• Growing Workforce: Access to a skilled and educated labor force in the region, supporting businesses' operational needs.
• Strong Infrastructure: Reliable utilities, high-speed internet, and well-maintained roads and bridges ensure seamless operations.
• Competitive Tax Incentives: Attractive tax incentives and programs to support business growth and investment.
• Collaborative Business Climate: A supportive business community and local government that fosters partnerships and provides resources for businesses.
• Diverse Industry Base: Home to a range of industries, including manufacturing, healthcare, biotechnology, and logistics, creating a dynamic and resilient market.
• Expanding Warehouse Inventory: Ample availability of modern warehouse space for businesses seeking flexible and scalable storage solutions.

Why Groton is a Great Place to Locate a Business.

Why Groton CT is a hub for locating a Business:

• Commercial Hub: Groton is the commercial hub of southeastern Connecticut, offering a vibrant business community with a diverse range of industries.
• Strategic Location: Situated at the crossroads of major highways and with access to the Groton-New London Airport, Groton provides excellent connectivity to regional markets.
• Availability of Workforce: The city boasts a skilled and educated workforce, with several higher education institutions nearby.
• Business-Friendly Environment: Groton offers a supportive business environment with incentives, tax breaks, and streamlined permitting processes.
• Proximity to Markets: Groton's proximity to Boston, New York City, and Providence provides access to a vast consumer base within a convenient reach.
• Cost-Effective Lease Rates: Groton offers competitive lease rates for warehouse space, making it an attractive option for businesses seeking affordable real estate.
• Intermodal Transportation: The city's access to rail, road, and water transportation options provides businesses with efficient and cost-effective shipping solutions.
• Growing Logistics Sector: Groton is experiencing growth in its logistics sector, with several warehouses and distribution centers established in the area.

Key Industries in Groton.

• Defense and Shipbuilding: Electric Boat, a premier submarine manufacturer, is headquartered in Groton.
• Manufacturing: Groton is home to various manufacturers, including General Dynamics Corporation and Pfizer.
• Education: The University of Connecticut's Avery Point Campus and Mitchell College contribute to the intellectual capital of Groton.
• Healthcare: Lawrence + Memorial Hospital, a major healthcare provider, serves the region.
• Energy: Groton is the site of Dominion Energy's Millstone Power Station, a nuclear power plant.
• Tourism: Mystic Seaport, the Mystic Aquarium, and the Groton Monument are popular tourist attractions.

Demographics.

• Population: 40,183
• Median Age: 38
• Median Household Income: $95,000
• Education: 65% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 13%
• Average Asking Rents: $12.50/SF/YR
• Total Inventory: 20,000,000 sq. ft.