New Haven County Office Market Overview

The New Haven County Office Market is comprised of approximately 34,200,000 square feet of inventory. As of the 1st Quarter 2018, the vacancy rate in New Haven County is 8.2%, 40 basis points higher than the 1st Quarter 2017, and 156 basis points lower than the ten year average. The current availability rate, which includes space being marketed that is still under lease, is 12.7%, an increase of 120 basis points year over year. At $21.64 per square foot gross, the average asking rent is 2.0% higher than the previous year and 4.0% higher than the ten year average.

Source(s): CoStar