New Haven County Retail Market Overview

The New Haven County Retail Market is comprised of 49,900,000 square feet of inventory.  As of the 3rd Quarter 2016 the vacancy rate in New Haven County is 5.8%, 94 basis points lower than the ten year average of 6.7%.  The current availability rate, which includes space being marketed that is still under lease, is 9.0%, an decrease of 50 basis points year over year.  At $12.81 per square foot triple net, the average asking rent is 3.0% higher than the previous year and 3.0% lower than the ten year average.

Source(s): CoStar