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Connecticut
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VACANCY
Apartment
The average Vacancy Rate was 7.4% in the Fairfield County county
- Vacancy in the Fairfield County county drifted downward by 10 basis points.
- The Fairfield County county was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 7.4% in the Fairfield County county.
Distribution / Warehousing
The average Vacancy Rate was 2.9% in the Fairfield County county
- The Fairfield County county had the tenth lowest vacancy in the nation and the fifth lowest in the Northeast.
- Vacancy in the Fairfield County county drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 2.9% in the Fairfield County county.
Office
The average Vacancy Rate was 22.8% in the Fairfield County county
- Vacancy in the Fairfield County county drifted downward by 40 basis points.
- The Fairfield County county was among the 20 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 23.2% in the Fairfield County county.
Retail
The average Vacancy Rate was 7.3% in the Fairfield County county
- The Fairfield County county had the tenth lowest vacancy in the nation, and the second in the Northeast region, behind only Boston.
- No vacancy change since Q2 2024 in the Fairfield County county.
- The Fairfield County county had the lowest vacancy level since Q2 2022.
RENT
Apartment
The average Asking Rent was $2,453 in the Fairfield County county
- Rent in the Fairfield County county was up 1.0% from Q2 2024.
- Rent is expected to finish 2024 at $2,455 in the Fairfield County county.
Distribution / Warehousing
The average Asking Rent was $9.38 in the Fairfield County county
- The Fairfield County county remained flat rent since Q2 2024.
- Rent is expected to finish 2024 at $9.44 in the Fairfield County county.
Office
The average Asking Rent was $36.42 in the Fairfield County county
- Rent in the Fairfield County county was down 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $36.59 in the Fairfield County county.
Retail
The average Asking Rent was $30.01 in the Fairfield County county
- Rent in the Fairfield County county was up 0.3% from Q2 2024.
- Rent is expected to finish 2024 at $30.13 in the Fairfield County county.
VACANCY
Apartment
The average Vacancy Rate was 3.2% in the Hartford metro
- The Hartford metro had the seventh lowest vacancy in the nation and the fourth lowest in the Northeast.
- Vacancy in the Hartford metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2024 at 3.4% in the Hartford metro.
Distribution / Warehousing
The average Vacancy Rate was 5.9% in the Hartford metro
- Vacancy in the Hartford metro drifted downward by 10 basis points.
- The Hartford metro had the lowest vacancy level since Q1 2017.
- Vacancy is expected to finish 2024 at 5.9% in the Hartford metro.
Office
The average Vacancy Rate was 23.1% 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 22.9% in the Hartford metro.
Retail
The average Vacancy Rate was 11.8% in the Hartford metro
- Vacancy in the Hartford metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 11.8% in the Hartford metro.
RENT
Apartment
The average Asking Rent was $1,538 in the Hartford metro
- Rent in the Hartford metro was up 0.3% from Q2 2024.
- Rent is expected to finish 2024 at $1,540 in the Hartford metro.
Distribution / Warehousing
The average Asking Rent was $6.36 in the Hartford metro
- Rent in the Hartford metro was up 0.6% from Q2 2024.
- Hartford metro had its fastest rent rate of increase in five quarters.
- Rent is expected to finish 2024 at $6.41 in the Hartford metro.
Office
The average Asking Rent was $21.81 in the Hartford metro
- Rent in the Hartford metro was down 0.6% from Q2 2024.
- Rent is expected to finish 2024 at $21.97 in the Hartford metro.
Retail
The average Asking Rent was $18.96 in the Hartford metro
- Rent in the Hartford metro was up 0.2% from Q2 2024.
- Rent is expected to finish 2024 at $19.01 in the Hartford metro.
VACANCY
Apartment
The average Vacancy Rate was 3.7% in the New Haven metro
- No vacancy change since Q2 2024 in the New Haven metro.
- The New Haven metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2024 at 3.8% in the New Haven metro.
Distribution / Warehousing
The average Vacancy Rate was 3.2% 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 3.1% in the New Haven metro.
Office
The average Vacancy Rate was 21.4% in the New Haven metro
- Vacancy in the New Haven metro drifted upward by 40 basis points.
- The New Haven metro had the highest vacancy level since Q3 1999.
- Vacancy is expected to finish 2024 at 21.0% in the New Haven metro.
Retail
The average Vacancy Rate was 15.7% in the New Haven metro
- Vacancy in the New Haven metro increased by 60 basis points.
- The New Haven metro was among the 10 highest vacancies nationally.
- Vacancy is expected to finish 2024 at 15.0% in the New Haven metro.
RENT
Apartment
The average Asking Rent was $1,730 in the New Haven metro
- Rent in the New Haven metro was up 1.2% from Q2 2024.
- Rent is expected to finish 2024 at $1,740 in the New Haven metro.
Distribution / Warehousing
The average Asking Rent was $7.20 in the New Haven metro
- Rent in the New Haven metro was down 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $7.25 in the New Haven metro.
Office
The average Asking Rent was $21.79 in the New Haven metro
- Rent in the New Haven metro was down 0.1% from Q2 2024.
- Rent is expected to finish 2024 at $21.88 in the New Haven metro.
Retail
The average Asking Rent was $17.75 in the New Haven metro
- Rent in the New Haven metro was up 0.1% from Q2 2024.
- Rent Has risen for seven consecutive quarters in the New Haven metro.
- Rent is expected to finish 2024 at $17.77 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.