According to the Hartford Business Journal, Connecticut’s industrial market is still relatively healthy, but high construction costs have slowed ground‑up development and pushed owners toward renovating older facilities instead. Demand for new industrial space has cooled enough that speculative projects are largely on hold, and companies continue to face shortages of skilled labor, which is limiting expansion capacity statewidehartfordbusiness.com. Office properties remain the weakest segment, with tenants seeking lower rents and larger concession packages, though walkable, amenity‑rich areas such as West Hartford Center continue to outperform the broader market.

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