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Connecticut
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VACANCY
Apartment
The average Vacancy Rate was 7.8% in the Fairfield County county
- Vacancy in the Fairfield County county drifted upward by 20 basis points.
- The Fairfield County county was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 8.1% in the Fairfield County county.
Distribution / Warehousing
The average Vacancy Rate was 3.0% in the Fairfield County county
- No vacancy change since Q1 2024 in the Fairfield County county.
- The Fairfield County county was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 2.9% in the Fairfield County county.
Office
The average Vacancy Rate was 23.2% in the Fairfield County county
- Vacancy in the Fairfield County county drifted upward by 10 basis points.
- The Fairfield County county was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 23.9% in the Fairfield County county.
Retail
The average Vacancy Rate was 7.3% in the Fairfield County county
- The Fairfield County county had the lowest vacancy in the Northeast region, tenth lowest in the nation.
- Vacancy in the Fairfield County county drifted downward by 20 basis points.
- The Fairfield County county had the lowest vacancy level since Q2 2022.
RENT
Apartment
The average Asking Rent was $2,429 in the Fairfield County county
- Rent in the Fairfield County county was down 0.5% from Q1 2024.
- Rent is expected to finish 2024 at $2,465 in the Fairfield County county.
Distribution / Warehousing
The average Asking Rent was $9.39 in the Fairfield County county
- Rent in the Fairfield County county was up 0.2% from Q1 2024.
- Rent has risen in every quarter since Q3 2020 in the Fairfield County county.
- Rent is expected to finish 2024 at $9.53 in the Fairfield County county.
Office
The average Asking Rent was $36.46 in the Fairfield County county
- Rent in the Fairfield County county was up 0.2% from Q1 2024.
- Rent is expected to finish 2024 at $36.65 in the Fairfield County county.
Retail
The average Asking Rent was $29.88 in the Fairfield County county
- Rent in the Fairfield County county was up 0.4% from Q1 2024.
- Rent is expected to finish 2024 at $30.02 in the Fairfield County county.
VACANCY
Apartment
The average Vacancy Rate was 3.0% in the Hartford metro
- The Hartford metro had the sixth lowest vacancy in the nation and the third lowest in the Northeast.
- Vacancy in the Hartford metro drifted downward by 20 basis points.
- The Hartford metro had the lowest vacancy level since Q3 2014.
Distribution / Warehousing
The average Vacancy Rate was 6.4% in the Hartford metro
- No vacancy change since Q1 2024 in the Hartford metro.
- The Hartford metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2024 at 6.2% in the Hartford metro.
Office
The average Vacancy Rate was 23.0% in the Hartford metro
- Vacancy in the Hartford metro drifted upward by 10 basis points.
- The Hartford metro was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 22.7% in the Hartford metro.
Retail
The average Vacancy Rate was 12.0% in the Hartford metro
- Vacancy in the Hartford metro declined by 90 basis points.
- Vacancy is expected to finish 2024 at 12.0% in the Hartford metro.
RENT
Apartment
The average Asking Rent was $1,532 in the Hartford metro
- Rent in the Hartford metro was up 0.8% from Q1 2024.
- Rent is expected to finish 2024 at $1,545 in the Hartford metro.
Distribution / Warehousing
The average Asking Rent was $6.38 in the Hartford metro
- Rent in the Hartford metro was up 0.5% from Q1 2024.
- Rent has risen in every quarter since Q1 2020 in the Hartford metro.
- Rent is expected to finish 2024 at $6.38 in the Hartford metro.
Office
The average Asking Rent was $21.94 in the Hartford metro
- Rent in the Hartford metro was down 0.1% from Q1 2024.
- Rent is expected to finish 2024 at $22.09 in the Hartford metro.
Retail
The average Asking Rent was $18.92 in the Hartford metro
- Rent in the Hartford metro was up 0.2% from Q1 2024.
- Rent is expected to finish 2024 at $18.97 in the Hartford metro.
VACANCY
Apartment
The average Vacancy Rate was 3.7% in the New Haven metro
- Vacancy in the New Haven metro drifted downward by 20 basis points.
- The New Haven metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 3.7% in the New Haven metro.
Distribution / Warehousing
The average Vacancy Rate was 3.3% in the New Haven metro
- Vacancy in the New Haven metro drifted downward by 10 basis points.
- The New Haven metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 3.2% in the New Haven metro.
Office
The average Vacancy Rate was 21.0% in the New Haven metro
- Vacancy in the New Haven metro drifted upward by 20 basis points.
- The New Haven metro had the highest vacancy level since Q3 1999.
- Vacancy is expected to finish 2024 at 20.7% in the New Haven metro.
Retail
The average Vacancy Rate was 15.1% in the New Haven metro
- Vacancy in the New Haven metro drifted upward by 10 basis points.
- The New Haven metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 14.8% in the New Haven metro.
RENT
Apartment
The average Asking Rent was $1,709 in the New Haven metro
- Rent in the New Haven metro was up 0.4% from Q1 2024.
- Rent is expected to finish 2024 at $1,743 in the New Haven metro.
Distribution / Warehousing
The average Asking Rent was $7.21 in the New Haven metro
- The New Haven metro had the fifth fastest rent growth in the nation, and the second in the Northeast region, behind only Harrisburg.
- New Haven metro had its fastest rent rate of increase in four quarters.
- Rent has risen in every quarter since Q3 2020 in the New Haven metro.
Office
The average Asking Rent was $21.81 in the New Haven metro
- The New Haven metro remained flat rent since Q1 2024.
- Rent is expected to finish 2024 at $21.95 in the New Haven metro.
Retail
The average Asking Rent was $17.73 in the New Haven metro
- Rent in the New Haven metro was up 0.1% from Q1 2024.
- Rent Has risen for six consecutive quarters in the New Haven metro.
- Rent is expected to finish 2024 at $17.84 in the New Haven metro.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 10.5%
- Drifted upward by 10 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.78
- Up 0.1% from year-end 2018.
- Has risen for six consecutive quarters.
- Expected to finish 2019 at.