On average, listings lease in the $10's per square foot per year. The New London submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 22% decline in rent.
In the last 90 days, 5 listings have been posted online, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 800 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1960 and are Class A.