national
Connecticut
metro
district
Connecticut
Connecticut apartments and their residents contribute
$25.1B
to the
state
economy annually, supporting
97.9K
jobs.
state data
-
Connecticut
0.0K
Apartment Residents
Spending from Connecticut's apartment residents contributes
$22.0B
to the local economy each year (including
$2.7B
in taxes), creating
90K
jobs.
0.0K
Apartment Homes
The operation of Connecticut's apartment homes contributes
$1.7B
to the local economy each year (including
$546.5M
in property taxes), creating
2K
jobs.
0% 53%
Share of Connecticut's Apartments Built Before 1980
The renovation and repair of apartments helps preserve
Connecticut’s
older more affordable units, contributing
$404.3M
to the local economy annually and creating
2K
jobs.
Age of Stock
Before 1959
1%
1960 - 1979
2%
1980 - 1999
1%
2000 or Later
1%
08
New Apartments Needed Annually
Apartment demand is growing and the industry needs to keep up. However, producing enough new apartments to meet demand requires new development approaches, more incentives and fewer restrictions.
Connecticut
needs to build
498
new apartment homes each year to meet demand.
Apartment construction contributes
$949.9M
to Connecticut's economy annually, creating
4K
jobs.
ACTIVITY
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