New London, CT Commercial Real Estate for Lease - 12 Listings

5 Shaws Cove

5 Shaws Cove, New London, CT
Property

Office

37,026 SF
Availability

2 Spaces

4,798 SF
Year Built

1987
For Lease

$16.00/SF/YR
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New London Mall

351 North Frontage Road, New London, CT
Property

Retail

259,566 SF
Availability

8 Spaces

14,148 SF
Year Built

1964
For Lease Contact for pricing
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153 State Street

153 State Street, New London, CT
Property

Unassigned

81,312 SF
Availability

17 Spaces

15,162 SF
Year Built

1885
For Lease

$12.00 - $26.00/SF/YR
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Harris Place

165 State Street, New London, CT
Property

Office

81,312 SF
Availability

1 Space

1,800 SF
Year Built

1885
For Lease

$12.00 - $20.00/SF/YR
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Eugene O'Neill Drive
Regus
125 Eugene O'Neill Drive, New London, CT
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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1 Chelsea Street

1 Chelsea Street, New London, CT
Property

Office

90,400 SF
Availability

2 Spaces

24,869 SF
Year Built

1990
For Lease

$18.50/SF/YR
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27 Bank Street

27 Bank Street, New London, CT
Property

Office

11,676 SF
Availability

2 Spaces

5,200 SF
Year Built

1875
For Lease

$1,250.00 - $1,750.00/MO
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24 Bank Street

24 Bank Street, New London, CT
Property

Retail

1,500 SF
Availability

1 Space

1,500 SF
Year Built

1918
For Lease

$15.00/SF/YR
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419 Montauk Avenue

419 Montauk Ave, New London, CT
Property

Office

3,082 SF
Availability

1 Space

1,350 SF
Year Built

1925
For Lease

$1,800.00/MO
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281 State Street

281 State Street, New London, CT
Property

Retail

76,615 SF
Availability

3 Spaces

4,828 SF
Year Built

1981
For Lease

$14.00/SF/YR
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27 Masonic Street

27 Masonic Street, New London, CT
Property

Office

35,112 SF
Availability

3 Spaces

20,197 SF
Year Built

1933
For Lease Contact for pricing
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464 Ocean Avenue

464 Ocean Ave, New London, CT
Property

Office

10,500 SF
Availability

5 Spaces

4,650 SF
Year Built

1957
For Lease

$400.00 - $2,100.00/MO
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The New London commercial real estate market incorporates 287,888 square feet of office space across 11 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The New London commercial real estate market includes 430,173 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities.

The listing inventory in New London incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in New London is represented by Office space, which accounts for 72,091 square feet of available listings. Retail space available in New London adds up to 18,017 square feet.

Meanwhile, most of the listings of commercial property for sale in New London are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in New London is $15.13 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in New London can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in New London, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $20 per square foot. In particular, the property type commanding the highest lease rates in New London was Office space.

Conversely, the highest sale price last year was $4,200,000 that is located at 4 Shaws Cove.

The average size of a commercial property in New London depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In New London, the average size of an office property is 28,789 square feet.
Retail properties here incorporate an average of 71,696 square feet.

New London, CT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in New London currently add up to 105,270 square feet. The market offers 8 active office listing(s), which amount to 72,091 square feet and account for 61% of commercial spaces on the market. Local retail availability includes 18,017 square feet across 5 retail space(s).

Property Type	Count of Listings	Total SF
Office	8	72,091
Retail	5	18,017
Other	0	15,162

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in New London, CT. Currently, there is 122,429 square feet of commercial property for sale here , which includes 1 office building(s) for sale , 2 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	1	4,500
Retail	2	92,492
Other	3	25,437

New London, CT Commercial Real Estate for Lease - 12 Listings

5 Shaws Cove

New London Mall

153 State Street

Harris Place

Eugene O'Neill Drive

1 Chelsea Street

27 Bank Street

24 Bank Street

419 Montauk Avenue

281 State Street

27 Masonic Street

464 Ocean Avenue

Frequently Asked Questions

New London, CT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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New London, CT Commercial Real Estate for Lease - 12 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in New London, CT?

What factors affect the price of commercial real estate in New London, CT?

What is the average rent for commercial space in New London, CT?

What are the best areas for commercial real estate in New London, CT?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in New London, CT?

New London, CT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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About us