Retail properties’ rents are expected to fall by double digits in the Hartford, New Haven and Fairfield County markets this year amid a rise in vacancies tied to the COVID-19 pandemic, according to a new research report.
Retail vacancies in Greater Hartford declined for the first time in three years because of a limited development pipeline and conversion of some properties to other uses, according to an industry report.
Ralph Lauren, Kate Spade and Michael Kors stores have exited the scene in downtown Greenwich, the posh retail district that’s Connecticut’s answer to Rodeo Drive.
