The typical asking rate per listing is in the $10's per square foot per year. The North New Haven submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 54% decline in rent.
In the last 90 days, 5 listings have been posted online, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 25,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this area were built in 1918 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst North New Haven occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.