New London Industrial

New London

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$19
Median Size (sqft)
1,350
As of: February 19, 2017

New London Rates

On average, listings lease in the $10's per square foot per year. The New London region is going through a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 5% decline in rent.

New London Listing Supply

In the last 90 days, 7 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the available space 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,350 sqft. Most properties in this region are close to 2 floors. Most buildings in this region were built in 1960 and are Class A.

New London Community

Market Report

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

Market Data

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