On average, listings lease in the $20's per square foot per year. The New London submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 19% rise in rent.
In the last 90 days, 9 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 100% of the office spaces in the New London 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 3,830 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 2 stories. Most buildings in this region were built in 1965 and are Class A.