Hartford County Office Figures Q4 2023

January 19, 2024 4 Minute Read

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Quarterly leasing activity totaled 180,000 sq. ft., down 17% from the prior quarter.
Renewal activity amounted to 124,000 sq. ft. in Q4.
The availability rate was 27.6%, down 30 basis points (bps) from the prior quarter but up 30 bps from a year ago.
Quarterly net absorption was positive 82,000 sq. ft. which brought full-year absorption to negative 73,000 sq. ft.
Average asking rent was $20.46 per sq. ft., flat quarter-over-quarter but up 4% year-over-year.