2023 Office Space Rent & Sales
- $21.97 2023 Avg. Asking Rent
- -1.71% Y-o-Y Avg. Asking Rent Change
- 25.53% 2023 Office Vacancy Rate
Milford Town office price per square foot in 2023 was $21.97 on average. This marked a -1.71% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 25.53% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Connecticut Class A & A+ Office Space$33.28
- Connecticut Class B Office Space$23.34
- Connecticut Class C Office Space$27.95
Milford Town, CT Office Asking Rents by Class
Office Spaces for Rent in Connecticut
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Coworking Spaces in Connecticut
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 670 & 676 Boston Post Road | 670 Boston Post Road, 06460 | 32,540 | 2000 |
| 326 West Main Street & 321-333 Boston Post Road | 326 West Main Street, 06460 | 82,464 | 1998 |
| Merritt Woods | 612 Wheelers Farms Road, 06460 | 113,000 | 1987 |
| Merritt Woods - Building 1 | 612 Wheelers Farms Road, 06460 | 113,000 | 1987 |
| 476 Wheelers Farms Road | 476 Wheelers Farms Road, 06461 | 78,063 | 1986 |
| 135 Research Drive | 135 Research Drive, 06460 | 76,039 | 1985 |
| 470 Wheelers Farms Road | 470 Wheelers Farms Road, 06460 | 110,111 | 1984 |
| 472 Wheelers Farms Road | 472 Wheelers Farms Road, 06460 | 91,950 | 1984 |
| 38 Wellington | 38 Wellington , 06084 | 39,907 | 1981 |
| 38 Wellington Rd | 38 Wellington Rd, 06084 | 39,907 | 1981 |
Worth noting among recent office completions on the Milford Town market is 670 & 676 Boston Post Road, which is currently the largest new office development in the city, at 32,540 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Milford Town commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.