The Greater Hartford Office market rebounded from its largely negative net absorption posting in Q1 2018, finishing Q2 2018 with 6,881 sq. ft. of positive net absorption. Vacancy and availability minimally decreased, while average asking rents increased to $19.87 per sq. ft. gross. Marketwide, vacancy and availability rates for Q2 were 19.3% and 18.1%, respectively.
Leasing activity across the Greater Hartford Office market was healthily divided between new deals and renewals, a notable change as renewal deals were prevalent in past quarters.