New London Office Space

New London

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$34
Median Size (sqft)
200
As of: August 20, 2017

New London Rates

On average, listings lease in the $30's per square foot per year. The New London region is experiencing a a boost in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 34% increase in rent.

New London Listing Supply

In the last 90 days, 9 listings have been listed, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 44% of the available leases 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.

The standard measurement for office space in this area is around 200 sqft. Most buildings in this region are close to 2 stories. Most buildings in this market 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