The Greater Hartford office market is off to a good start in 2020, ending the first quarter with 212,535 sq. ft. of positive absorption. Vacancy increased slightly to 19.8% while availability decreased to 22.5%. Average rental rates remained relatively flat at $19.60 per sq. ft. In Downtown Hartford, average asking rental rates decreased slightly to $21.34 per sq. ft.,
while Class A rents remained flat at $23.29 per sq. ft. Suburban Hartford rents finished the quarter at $18.69 per sq. ft.