New London Sublease

New London

Office Space Market Report

Number of Listings (last 90 days)
8
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
1,500
As of: February 28, 2017

New London Rates

Most listings are in the $20's per square foot per year. The New London submarket is going through a a rise in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 7% increase in rent.

New London Listing Supply

In the last 90 days, 7 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 14% of the listings in the New London are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,500 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this region were built in 1960 and are Class A.

New London Community

Market Report

Trends and status of the commercial real estate market in New London.
Market Report

Market Data

Real time and historical data on commercial real estate listings in New London.
Research