On average, listings lease in the $30's per square foot per year. The South New Haven submarket is going through a an increase in rates. In the last 3 months, the median rate went up $36 per sqft per year.
In the last 90 days, 11 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available leases in the South New Haven are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 17,810 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 9 floors. Most buildings in this area were built in 1970 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 market. 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.