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🔒Industrial real estate market remains hot, but threat of slowdown looms

The industrial commercial real estate market has been hot in Connecticut for years, and 2022 was no different, but there are some signs of a slowdown.

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Greater Hartford Industrial Market Snapshot (as of 2Q 2022)

90.3 million square feet — Total inventory

817 — The number of industrial buildings

3.7% — Vacancy rate

$5.76  — Rent per square foot

1.3 million — Industrial space absorbed by tenants during the first six months of 2022

Source: Newmark

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