The Greater Hartford office market saw the most activity in the suburbs as several new leases were signed in Q4. Vacancy and availability rates both decreased slightly to 18.3% and 22.8%, respectively.
The Greater Hartford office market rental rates remained relatively stable, ending the quarter at $19.68 per sq. ft.The average asking rental rates remained relatively flat for all Hartford submarkets as well, ending Q4 at $21.41 per sq. ft. for Downtown Hartford, $23.28 per sq. ft. for Class A rents, and $18.81 per sq. ft. for Suburban Hartford rents.