Hartford Office MarketView Q3 2016
- The Greater Hartford Office market continued its trajectory of steady growth in leasing activity, finishing Q3 2016 with 78,870 sq. ft. of positive absorption.
- Across the Greater Hartford Office market, availability decreased quarter-over-quarter by 43 basis points (bps) to 16.5% and vacancy decreased by 24 bps quarter-over-quarter to 16.2%.
- The marginal increase in occupancy this quarter did not translate to average asking rents, which flattened to $19.69 per sq. ft. gross, a decrease of $0.05 per sq. ft. quarter-over-quarter.