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Connecticut
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BACK TO INSIGHTSEXPLORE 4 Connecticut MARKETSToggle markets
VACANCY
Apartment
Average Vacancy Rate 6.1%
- Drifted downward by 10 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 7.3%.
Distribution / Warehousing
Average Vacancy Rate 6.8%
- Has been in decline for six consecutive quarters.
- Among the 20 lowest vacancies nationally.
- Expected to finish 2019 at 6.4%.
Office
Average Vacancy Rate 23.9%
- No change since Q1 2020.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 26.4%.
Retail
Average Vacancy Rate 7.1%
- Lowest in the Northeast region, tenth lowest in the nation.
- Drifted upward by 10 basis points.
- Expected to finish 2020 at 9.9%.
RENT
Apartment
Average Asking Rent $2,170
- Down 1.3% from Q1 2020.
- Expected to finish 2020 at $2,133.
Distribution / Warehousing
Average Asking Rent $8.00
- Up 0.4% from year-end 2018.
- Expected to finish 2019 at $8.12.
Office
Average Asking Rent $35.65
- Down 0.9% from Q1 2020.
- Expected to finish 2020 at $34.21.
Retail
Average Asking Rent $29.60
- Down 0.6% from Q1 2020.
- Expected to finish 2020 at $27.42.
VACANCY
Apartment
Average Vacancy Rate 4.3%
- Drifted upward by 20 basis points.
- Expected to finish 2020 at 5.7%.
Distribution / Warehousing
Average Vacancy Rate 12.8%
- Drifted downward by 30 basis points.
- Among the 20 highest vacancies nationally.
- Expected to finish 2019 at 12.6%.
Office
Average Vacancy Rate 18.2%
- Drifted downward by 30 basis points.
- Expected to finish 2020 at 20.2%.
Retail
Average Vacancy Rate 10.4%
- Drifted downward by 10 basis points.
- Expected to finish 2020 at 12.6%.
RENT
Apartment
Average Asking Rent $1,259
- Up 0.3% from Q1 2020.
- Has risen in every quarter since Q3 2015.
- Expected to finish 2020 at $1,241.
Distribution / Warehousing
Average Asking Rent $5.36
- Up 0.4% from year-end 2018.
- Expected to finish 2019 at $5.38.
Office
Average Asking Rent $21.89
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $21.51.
Retail
Average Asking Rent $18.82
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $17.38.
VACANCY
Apartment
Average Vacancy Rate 4.8%
- Drifted downward by 20 basis points.
- Expected to finish 2020 at 5.7%.
Distribution / Warehousing
Average Vacancy Rate 11.2%
- Rose by 50 basis points.
- Expected to finish 2019 at 11.0%.
Office
Average Vacancy Rate 19.2%
- Increased by 80 basis points.
- Expected to finish 2020 at 21.7%.
Retail
Average Vacancy Rate 15.6%
- Drifted upward by 20 basis points.
- Among the 10 highest vacancies nationally.
- Expected to finish 2020 at 17.9%.
RENT
Apartment
Average Asking Rent $1,358
- Down 0.2% from Q1 2020.
- Expected to finish 2020 at $1,332.
Distribution / Warehousing
Average Asking Rent $5.97
- Down 0.3% from year-end 2018.
- Expected to finish 2019 at $6.08.
Office
Average Asking Rent $21.64
- Down 0.8% from Q1 2020.
- Expected to finish 2020 at $21.44.
Retail
Average Asking Rent $17.60
- Down 0.5% from Q1 2020.
- Expected to finish 2020 at $16.54.
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.