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New Haven's Office Vacancy Rates Drop

NEW HAVEN, CT-Office vacancy rates in New Haven bucked national trends and fell ever so slightly in the second quarter of this year, despite turbulent capital markets and a struggling economy.

By John Jordan | Updated on August 07, 2002

NEW HAVEN, CT-Traub & Company LLC reports that despite unfavorable economic conditions, the New Haven office market posted a slight decline in its office vacancy rate in the second quarter of this year.

The brokerage firm reports that overall class A vacancy rates in New Haven fell to 4.7% at the end of the second quarter of this year, down from 5.3% in the first quarter of 2002.

In the central business district of New Haven, the class A vacancy rate stood at seven% at the end of the second quarter, a slight decrease from 7.8% rate posted at the end of the first quarter of this year. The firm noted that overall the second quarter office vacancy rate for New Haven was 11.2%, down from a revised rate of 11.8% in the first quarter of 2002.

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