Hartford study shows 9.9% industrial vacancy
Commercial real estate information provider, CoStar Group, Inc., has recently released its latest Greater Hartford Industrial statistics. The numbers show a 9.9% vacancy rate in the Hartford industrial sector. While a few of the reported transactions (Waterbury and Chicopee) fall well outside of what the region calls “Greater Hartford” the fact remains that the 9.9% rate is a marked improvement over the last 12 months. Positive absorption remains limited but at least it’s positive. And believe it or, we are actually beginning to see product shortages in some areas of the market.
So yes, the market is looking up!
See attached report: CoStar Hartford Industrial