Connecticut Office Market Report
By CREhunt Research · Data through Q4 2024 · Aggregated from Cushman & Wakefield, Colliers
Quarterly office market indicators for Connecticut, aggregated by CREhunt from Cushman & Wakefield, Colliers. As of Q4 2024, vacancy was 29.0%, per Cushman & Wakefield.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q4 2024 Cushman & Wakefield | — | 29.0% | -1K SF | — | Cushman & Wakefield |
| Q4 2022 Cushman & Wakefield | $38.00/SF/yr | 29.0% | -5.9M SF | — | Cushman & Wakefield |
| Q4 2019 Colliers | $15.55/SF/yr | 16.0% | 2K SF | — | Colliers |
| Q4 2019 Cushman & Wakefield | $46.54/SF/yr | 21.6% | 64K SF | — | Cushman & Wakefield |
How the brokerage sources compare
For Q4 2019, the brokerages CREhunt aggregates for Connecticut office did not fully agree. On vacancy, the sources span 5.6 points — from 16.0% (Colliers) to 21.6% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Cushman & Wakefield | 21.6% | $46.54/SF/yr | — |
| Colliers | 16.0% | $15.55/SF/yr | — |
Per-brokerage figures for Q4 2019, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Connecticut?
- CREhunt aggregates office asking-rent data for Connecticut from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the office vacancy rate in Connecticut?
- The office vacancy rate in Connecticut was 29.0% as of Q4 2024 (Cushman & Wakefield).
- Where does CREhunt's Connecticut market data come from?
- This report aggregates quarterly office market data for Connecticut from Cushman & Wakefield, Colliers.
- How much do brokerage estimates differ for office space in Connecticut?
- For Q4 2019, the brokerage sources CREhunt aggregates for Connecticut did not fully agree. On vacancy, the sources span 5.6 points — from 16.0% (Colliers) to 21.6% (Cushman & Wakefield). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
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