2023 Office Space Rent & Sales
- $20.58 2023 Avg. Asking Rent
- 13.88% 2023 Office Vacancy Rate
New London office price per square foot in 2023 was $20.58 on average. The local office market recorded an average vacancy rate of 13.88% across all asset classes combined.
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 London, CT Office Asking Rents by Class
Office Spaces for Rent in Connecticut
- New York City Office Space
- Manhattan Office Space
- Brooklyn Office Space
- Boston Office Space
- Queens Office Space
- Bronx Office Space
- Stamford Office Space
- Danbury Office Space
- Hartford Office Space
- Jersey City Office Space
- Norwalk Office Space
- Downtown Hartford Office Space
- New Haven Office Space
- Westport Office Space
- Newark Office Space
Coworking Spaces in Connecticut
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Brooklyn Coworking Space
- Boston Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Cincinnati Coworking Space
- Columbus Coworking Space
- Raleigh Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Durham Coworking Space
- Cambridge Coworking Space
- Cleveland Coworking Space
- Bethesda Coworking Space
- Jersey City Coworking Space
- Queens Coworking Space
- Richmond Coworking Space
- Asheville Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1 Chelsea Street | 1 Chelsea Street, 06320 | 90,400 | 1990 |
| 5 Shaws Cove | 5 Shaws Cove, 06320 | 37,026 | 1987 |
| 4 Shaws Cove | 4 Shaws Cove, 06320 | 29,236 | 1987 |
| 464 Ocean Avenue | 464 Ocean Avenue, 06320 | 10,500 | 1957 |
| 27 Masonic Street | 27 Masonic Street, 06320 | 35,112 | 1933 |
| 419 Montauk Avenue | 419 Montauk Avenue, 06320 | 3,082 | 1925 |
| 153 State Street | 153 State Street, 06320 | 81,312 | 1885 |
| Harris Place | 165 State Street, 06320 | 81,312 | 1885 |
| 27 Bank Street | 27 Bank Street, 06320 | 11,676 | 1875 |
Worth noting among recent office completions on the New London market is 1 Chelsea Street, which is currently the largest new office development in the city, at 90,400 square feet.
See reports for other markets
- Stamford Office Rent Price
- Hartford Office Rent Price
- Greenwich Office Rent Price
- Danbury Office Rent Price
- Shelton Office Rent Price
- Denver Office Rent Price
- Austin Office Rent Price
- Washington Office Rent Price
- Seattle Office Rent Price
- San Diego Office Rent Price
- Atlanta Office Rent Price
- Houston Office Rent Price
- Manhattan Office Rent Price
- San Antonio Office Rent Price
- Miami Office Rent Price
- Los Angeles Office Rent Price
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 London 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.