Connecticut Retail Market Report
By CREhunt Research · Data through Q4 2023 · Aggregated from , Colliers, Cushman & Wakefield
Quarterly retail market indicators for Connecticut, aggregated by CREhunt from , Colliers, Cushman & Wakefield. As of Q4 2023, average asking rent was $24.47/SF with a 4.1% vacancy rate.
Projected current retail pricing — Connecticut
Projected asking rent
$24.47/SF/yr
Estimated sale value
$265–$335/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q4 2023 multiple brokerages data (cap rate 5.8%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2023 | $24.47/SF | 4.1% | — | — | |
| Q4 2023 | $24.47/SF | 4.1% | 0K SF | — | Colliers |
| Q4 2022 | $22.50/SF | 4.2% | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for retail space in Connecticut?
- As of Q4 2023, the average asking rent for retail space in Connecticut was $24.47/SF.
- What is the retail vacancy rate in Connecticut?
- The retail vacancy rate in Connecticut was 4.1% as of Q4 2023.
- Where does CREhunt's Connecticut market data come from?
- This report aggregates quarterly retail market data for Connecticut from Colliers, Cushman & Wakefield.
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