The office vacancy rate in the Hartford market area decreased to 11.2% at the end of the second quarter 2012. The vacancy rate was 11.7% at the end of the first quarter 2012, 11.5% at the end of the fourth quarter 2011, and 11.1% at the end of the third quarter 2011.
Class A projects reported a vacancy rate of 13.6% at the end of the second quarter 2012, 14.3% at the end of the first quarter 2012, 13.7% at the end of the fourth quarter 2011, and 13.1% at the end of the third quarter 2011.
Class B projects reported a vacancy rate of 10.6% at the end of the second quarter 2012, 11.2% at the end of the first quarter 2012, 11.3% at the end of the fourth quarter 2011, and 10.8% at the end of the third quarter 2011.
Class C projects reported a vacancy rate of 10.4% at the end of the second quarter 2012, 10.6% at the end of first quarter 2012, and 10.3% at the end of the third and fourth quarters 2011.
The information in this news report is based on CoStar’s Second Quarter 2012 Market Report, a 40-plus page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 1-877-694-2177.