New London Industrial

New London

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
1,200
As of: July 22, 2017

New London Rates

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.

New London Listing Supply

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.

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