Figures

Hartford County Office Figures Q4 2024

January 10, 2025 4 Minute Read

Looking for a PDF of this content?

‒ Quarterly leasing activity totaled 132,000 sq. ft., down 8% from the previous quarter and 22% below the two-year quarterly average.

‒ Annual leasing activity totaled 583,000 sq. ft., down 4% year-over-year.

‒ The availability rate jumped 50 bps quarter-over-quarter to 23.7%

‒ Quarterly net absorption was negative 137,000 sq. ft., which skewed annual absorption to negative 34,000 sq. ft.

‒ The average asking rent was $20.89 per sq. ft., unchanged quarter-over-quarter and up 2% from a year ago.

‒ Inventory adjustments were made to update the Hartford County office market to reflect CBRE Research standards of tracking Class A and B office buildings that have rentable building area of 20,000 sq. ft. or greater.