New Britain Office Space

New Britain

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
5,780
As of: August 17, 2017

New Britain Rates

On average, listings lease in the $30's per square foot per year. The New Britain submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% increase in rent.

New Britain Listing Supply

In the last 90 days, 4 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space in the New Britain are subleases, so you might be able to sign a shorter term by taking over a previous 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 5,780 sqft, there are still 0 new listings below 2,000 sqft. Most buildings 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