The typical asking rate per listing is in the $20's per square foot per year. The Central New Haven region is seeing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 19% decline in rent.
In the last 90 days, 13 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,170 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1955 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Construction is the dominant industry in this area. Most of the residents of Central New Haven work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.