Figures
New Haven County Office Figures H2 2024
January 14, 2025 3 Minute Read
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‒ Leasing activity amounted to 232,000 sq. ft. for H2 2024, up 33% from H1 2024.
‒ Renewals totaled 31,000 sq. ft. for H2 2024 down 51% from H1 2024.
‒ The availability rate was down 10 basis points (bps) from the First Half currently standing at 20.1%.
‒ Net absorption for H2 2024 was positive 18,000 sq. ft.
‒ At $21.99 per sq. ft., the average asking rent was down 1% half-over-half.
‒ Sublease space currently makes up 1% of all available space on market.