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A new report from commercial real estate services firm CBRE said Greater Hartford’s industrial real estate market experienced a “remarkable” fourth quarter.

The entire market saw 204,454 square feet of net positive absorption while the vacancy rate shrank to 8 percent, with little new construction in the pipeline and no new completions in the quarter.

Average asking rent per square foot in the area is now $5.30, triple net, and $6, triple net, for class A product.

That puts its vacancy rate at the highest across the Northeast and its rents at the second-lowest after Pennsylvania’s Interstate 78/Interstate 81 corridor between Scranton, Allentown and Harrisburg, where the average triple-net asking rent is $5.09 per square foot.

The biggest lease was a 403,000-square-foot deal for an undisclosed e-commerce tenant in the southern end of the Hartford metro. The deal was also the 10th-biggest in the entire Northeast.

Throughout the Northeast, the logistics and industrial sector saw an astonishing increase of 8 million square feet of net positive absorption over 2019, with overall asking rents up $0.25 per square foot and dramatic declines in vacancy.

The strongest market was Metro Philadelphia, with vacancy rates down to 3.9 percent and asking rates at all-time highs, CBRE said.