Figures
Hartford County Office Figures Q1 2025
April 9, 2025 5 Minute Read
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‒ Quarterly leasing activity totaled 159,000 sq. ft., up 20% from the previous quarter but 6% behind the two-year quarterly average.
‒ Renewals totaled 36,000 sq. ft., down 67% from the previous and 62% from this time last year
‒ The availability rate increased 60 bps (basis points) quarter-over-quarter to 24.3% and up 50 bps from a year ago.
‒ Quarterly net absorption was negative 219,000 sq. ft.
‒ Average asking rent increased to $21.11 per sq. ft., up 1% quarter-over-quarter and up 2% from a year ago.