On average, listings lease in the $20's per square foot per year. The Downtown New Haven submarket is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 21% decrease in rent.
In the last 90 days, 153 listings have been posted online, so you'll want to check back regularly for new listings. About 3% of the available space in the Downtown New Haven are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 3,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Most of the residents of Downtown New Haven work from home. Commuting close to 10 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown New Haven.
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