The typical asking rate per listing is in the $30's per square foot per year. The South New Haven submarket is going through a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 2% increase in rent.
In the last 90 days, 19 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 16% of the listings in the South New Haven 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.
Even though the median size is 4,270 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 9 floors. Most buildings in this area were built in 1965 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst South 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.