On average, listings lease in the $20's per square foot per year. The Downtown New Haven submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $25 per sqft per year.
In the last 90 days, 6 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 550% of the listings in the Downtown New Haven are subleases, so you might be able to snag a great spot on a short term. 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 3,280 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Most of the occupants of Downtown New Haven work from home. Commuting around 10 minutes a day is the norm for those who opt to reside in this part of town.