Figures
New Haven County Office Figures H1 2024
July 25, 2024 2 Minute Read
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‒ Leasing activity amounted to 175,000 sq. ft. year-to-date, up 139% from H2 2023.
‒ Renewals totaled 63,000 sq. ft. year-to-date, up 100% from H2 2023.
‒ The availability rate was up 70 basis points (bps) from a year ago currently standing at 20.2%.
‒ Net absorption year-to-date stands at positive 52,000 sq. ft.
‒ At $22.24 per sq. ft., the average asking rent was up 22% year-over-year.
‒ Sublease space currently makes up 2% of all available space on market.