2023 Office Space Rent & Sales
- $31.06 2023 Avg. Asking Rent
- -0.10% Y-o-Y Avg. Asking Rent Change
- 30.33% 2023 Office Vacancy Rate
New Haven office price per square foot in 2023 was $31.06 on average. This marked a -0.10% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 30.33% 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
New Haven, CT Office Asking Rents by Class
Office Spaces for Rent in Connecticut
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Coworking Spaces in Connecticut
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2023 Office Construction in New Haven, CT
- New Haven, CT Total SF under construction in 2024 600,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| 205 Church Street | 205 Church Street, 06510 | 30,000 | 2016 |
| One Audubon | 1 Audubon Street, 06511 | 58,351 | 2003 |
| Long Wharf Maritime Center - 545 Long Wharf Drive | 545 Long Wharf Drive, 06511 | 256,520 | 1988 |
| The Connecticut Financial Center | 157 Church Street, 06510 | 467,500 | 1987 |
| First Niagara Bank Building | 195 Church Street, 06510 | 263,938 | 1974 |
| 3 Kimberly Ave | 3 Kimberly Ave, 06519 | 1,164 | 1967 |
| New Haven Plaza | 540 Ella T. Grasso Blvd, 06519 | 130,000 | 1963 |
| New Haven Towers | 129 York Street, 06511 | 102,024 | 1960 |
| Gateway Center | 54 Meadow Street, 06519 | 119,646 | 1946 |
| 370 James Street | 370 James Street, 06513 | 172,887 | 1915 |
Worth noting among recent office completions on the New Haven market is 205 Church Street, which is currently the largest new office development in the city, at 30,000 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 New Haven 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.