Hartford Industrial Figures Q3 2026

Hartford's industrial market tightened modestly in Q3 2026 as stronger leasing activity translated into positive absorption and lower vacancy. Net absorption totaled 224,000 sq. ft., driven largely by two leases exceeding 100,000 sq. ft., which reduced vacancy by 30 basis points (bps) to 7.0%. Leasing activity totaled 407,000 sq. ft., up 27% quarter-over-quarter and 25% above the three-year quarterly average, reflecting improved tenant demand following a slower first half of the year. Average asking rents increased 5% quarter-over-quarter to $7.68 per sq. ft.