New Haven County Flex/Industrial Market Overview

The New Haven County Flex/Industrial Market is comprised of 76,450,000 square feet of inventory.  The current 1st Quarter 2018 vacancy rate in New Haven County is 5.9%, 20 basis points higher than the 1st  Quarter 2017, and 436 basis points lower than the ten year average.  The current availability rate, which includes space being marketed that is still under lease, is 8.8%, a decrease of 140 basis points year over year.  At $5.73 per square foot triple net, the average asking rent is 6.3% higher than the previous year and 10.8% higher than the ten year average.

Source(s): CoStar