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Connecticut
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VACANCY
Apartment
The average Vacancy Rate was 6.8% in the Fairfield County county
Distribution / Warehousing
The average Vacancy Rate was 2.2% in the Fairfield County county
Office
The average Vacancy Rate was 22.7% in the Fairfield County county
Retail
The average Vacancy Rate was 7.8% in the Fairfield County county
- Vacancy in the Fairfield County county drifted upward by 10 basis points.
- The Fairfield County county had the highest vacancy level since year-end 1995.
RENT
Apartment
The average Asking Rent was $2,571 in the Fairfield County county
Distribution / Warehousing
The average Asking Rent was $9.02 in the Fairfield County county
- Rent in the Fairfield County county was up 1.7% from Q3 2022.
- Rent Has risen for nine consecutive quarters in the Fairfield County county.
Office
The average Asking Rent was $36.31 in the Fairfield County county
Retail
The average Asking Rent was $29.50 in the Fairfield County county
VACANCY
Apartment
The average Vacancy Rate was 4.1% in the Hartford metro
Distribution / Warehousing
The average Vacancy Rate was 8.8% in the Hartford metro
Office
The average Vacancy Rate was 23.0% in the Hartford metro
- Vacancy in the Hartford metro rose by 110 basis points.
- The Hartford metro had the highest vacancy level since Q1 2010.
Retail
The average Vacancy Rate was 11.4% in the Hartford metro
- No vacancy change since Q3 2022 in the Hartford metro.
- The Hartford metro had the highest vacancy level since Q3 1999.
RENT
Apartment
The average Asking Rent was $1,494 in the Hartford metro
Distribution / Warehousing
The average Asking Rent was $6.09 in the Hartford metro
- Rent in the Hartford metro was up 1.0% from Q3 2022.
- Rent Has risen for eleven consecutive quarters in the Hartford metro.
Office
The average Asking Rent was $21.94 in the Hartford metro
Retail
The average Asking Rent was $18.79 in the Hartford metro
- Rent in the Hartford metro was up 0.1% from Q3 2022.
- Hartford metro had its fastest rent rate of increase three years.
VACANCY
Apartment
The average Vacancy Rate was 4.8% in the New Haven metro
Distribution / Warehousing
The average Vacancy Rate was 3.6% in the New Haven metro
- Vacancy in the New Haven metro declined by 80 basis points.
- The New Haven metro had the lowest vacancy level since Q1 2017.
Office
The average Vacancy Rate was 19.2% in the New Haven metro
Retail
The average Vacancy Rate was 15.8% in the New Haven metro
- No vacancy change since Q3 2022 in the New Haven metro.
- The New Haven metro had the lowest vacancy level since Q3 2020.
RENT
Apartment
The average Asking Rent was $1,663 in the New Haven metro
- Rent in the New Haven metro was up 1.4% from Q3 2022.
- Rent Has risen for eight consecutive quarters in the New Haven metro.
Distribution / Warehousing
The average Asking Rent was $6.83 in the New Haven metro
- Rent in the New Haven metro was up 2.2% from Q3 2022.
- New Haven metro had its fastest rent rate of increase since Q1 2017.
- Rent Has risen for nine consecutive quarters in the New Haven metro.
Office
The average Asking Rent was $21.87 in the New Haven metro
Retail
The average Asking Rent was $17.60 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.