While the town of Plainfield is experiencing an increase in warehouse development, central Connecticut’s broader industrial real estate market has slowed down.
Central Connecticut’s industrial real estate market has slowed down.
The region’s vacancy rate rose to 4.2% in the second quarter of 2025, its second straight quarterly increase, according to data from real estate services firm Cushman & Wakefield.
The analysis includes both the Hartford and New Haven markets, covering 142.3 million square feet of industrial real estate space.
The only new warehouse to debut this year was a 185,600-square-foot facility in Windsor, at 205 Baker Hollow Road, which is now the leased home of Marvin Windows.
Year-to-date leasing totaled nearly 1.2 million square feet in central Connecticut, up 16.1% from mid-2024, but second-quarter demand was weak at 170,000 square feet — the lowest mark in five years, according to Cushman & Wakefield. Macy’s 508,000-square-foot sale-leaseback deal in South Windsor drove much of the leasing volume.
Meanwhile, overall asking rents fell 56 cents per square foot compared to the first quarter of 2025 to $8.34 per square foot, but stayed 58 cents above last year. High-tech industrial rents rose $1.72 year-over-year to $11.91 per square foot, Cushman & Wakefield data shows.
