New Britain Industrial

New Britain

Office Space Market Report

Number of Listings (last 90 days)
49
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
5,780
As of: August 17, 2017

New Britain Rates

Most listings are in the $30's per square foot per year. The New Britain submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.

New Britain Listing Supply

In the last 90 days, 4 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 50% of the office spaces in the New Britain are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 5,780 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1971 and are Class A.

New Britain Community

Market Report

Trends and status of the commercial real estate market in New Britain.
Market Report

Market Data

Real time and historical data on commercial real estate listings in New Britain.
Research