2020 Office Space Rent & Sales
- $27.69 2020 Avg. Asking Rent
- -2.75% Y-o-Y Avg. Asking Rent Change
- 23.39% 2020 Office Vacancy Rate
Bridgeport office price per square foot in 2020 was $27.69 on average. This marked a -2.75% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.39% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Bridgeport Class A Office Space$27.67
- Bridgeport Class B Office Space$27.95
- Connecticut Class A Office Space$35.83
- Connecticut Class B Office Space$23.70
- Connecticut Class C Office Space$18.29
Bridgeport, CT Office Asking Rents by Class
2020 Office Construction in Bridgeport, CT
- Bridgeport, CT Total SF completed in 2020
During 2020, square feet of new office space were delivered across the market. At the close of 2020, the Bridgeport office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.
|Steelpointe Harbor - DockMasters Building||96 Pembroke Street, 06608||48,000||2019|
|1550 State Street||1550 State Street, 06605||47,327||2008|
|3885 Main Street||3885 Main Street, 06606||30,074||1990|
|People's United Bank Corporate Headquarters||850 Main Street, 06604||423,710||1988|
|350 Fairfield Avenue||350 Fairfield Avenue, 06604||114,000||1985|
|4920 Main Street||4920 Main Street, 06606||27,756||1984|
|900 Madison Avenue||900 Madison Avenue, 06606||33,938||1980|
|915 & 925 Housatonic Avenue||925 Housatonic Avenue, 06606||81,656||1973|
|100 Fairfield Avenue||100 Fairfield Avenue, 06604||100,000||1971|
|Park City Plaza||10 Middle Street, 06604||184,000||1969|
Worth noting among recent office completions on the Bridgeport market is Steelpointe Harbor - DockMasters Building, which is currently the largest new office development in the city, at 48,000 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Bridgeport 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.