On average, listings lease in the $20's per square foot per year. The Downtown New Haven region is seeing a decline in rates. In the last 3 months, the median rate fell $7 per sqft per year. That's a 23% decrease in rent.
In the last 90 days, 6 listings have been listed, which means new availabilities might be 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 listings below 2,000 sqft. Most properties in this region are close to 4 floors. Most buildings in this market were built in 1926 and are Class A.
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 residents of Downtown New Haven work from home. Commuting approximately 10 minutes a day is the norm for those who opt to reside in this part of town.