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.
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.