While wages have risen 15.7% in the same time frame, they haven't kept pace with borrowing costs.
In July, inventory saw small gains in some counties, but the market is still tight overall.
The analysis projects substantial traffic growth in the corridor over the next 30 years, due both to proposed development and long-term population trends.
Cohens Fashion Optical signed a 10-year lease for 1,520 square feet at Dunning Farms in Middletown.
Research by Pattern for Progress indicates that taxes alone in Connecticut and Pennsylvania are 20% to 40% lower than in New York, and 50% to 80% lower in the Carolinas and Florida.
Orange County Executive Steve Neuhaus delivered the opening address, outlining forthcoming commercial projects essential for the growth and development of Orange County.
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