2023 Office Space Rent & Sales
- $25.18 2023 Avg. Asking Rent
- 42.69% 2023 Office Vacancy Rate
Wallingford office price per square foot in 2023 was $25.18 on average. The local office market recorded an average vacancy rate of 42.69% 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
Wallingford, CT Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Campus at Greenhill | 108 Leigus Road, 06492 | 287,970 | 2011 |
| Signature 91 | 35 Thorpe Avenue, 06492 | 83,654 | 1990 |
| 10 Research Pkwy | 10 Research Pkwy, 06492 | 69,179 | 1990 |
| 900 Northrop Road | 900 Northrop Road, 06492 | 50,000 | 1989 |
| Westview Office Park | 850 North Main Street Ext, 06492 | 45,000 | 1989 |
| Westview 1 | 852 North Main Street Ext, 06492 | 4,317 | 1989 |
| 1062 Barnes Road | 1062 Barnes Road, 06492 | 39,078 | 1988 |
| 860 North Main Street Ext | 860 North Main Street Ext, 06492 | 30,692 | 1982 |
| 102-104 South Turnpike Road | 102 South Turnpike Road, 06492 | 32,226 | 1980 |
| 4 Tower Drive | 4 Tower Drive, 06492 | 26,198 | 1979 |
Worth noting among recent office completions on the Wallingford market is Campus at Greenhill, which is currently the largest new office development in the city, at 287,970 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 Wallingford 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.