Hartford Industrial Figures Q4 2025

Despite posting an overall loss in occupancy during 2025, Hartford’s industrial market saw a significant uptick in leasing activity to end the year, pointing toward a more stabilized 2026. The market started the year in a positive trajectory, posting the first dip in vacancy since 2023, but subsequent quarters of oscillating demand performance and the delivery of more supply to the market pushed vacancy up 80 basis points (bps.), year-over-year to settle at 7.3%. But there were signs that the market could be turning a corner, or at least nearing peak vacancy in the coming year. First, following the delivery of 30 Hamilton Road in Windsor Locks, CT, the active construction pipeline is empty, posing no supply-side issues from development. Secondly, the pace of new or expansion leases signing ticked up after posting a few consecutive quarters of decelerating. And while the overall total for 2025 was less than the prior 2 years, it was not far off.