Danbury Office Market Trends

Office Rental Market

  • $25.27 2019 Avg. Asking Rent
  • 3.25 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Danbury was $25.27 per square foot, and the office vacancy rate across the market averaged 3.25 %. During 2019, developers added 0 square feet of new office space to the Danbury market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Danbury Class A Office Buildings$29.58
  • Danbury Class B Office Buildings$20.58
  • CT Class A Office Buildings$35.66
  • CT Class B Office Buildings$24.46
  • CT Class C Office Buildings$18.42

Danbury, CT Office Asking Rents by Class

OFFICE CONSTRUCTION IN Danbury, CT

  • Danbury, CT Total Sqft completed in 2019 0
  • Danbury, CT Total Sqft under construction in 2020 0
10 Largest Office Buildings in Danbury
Building name Address Total Sqft Year built
The Ridge / The Summit 100 Reserve Road, 06810 1,100,000 1980
40 Apple Ridge Road 40 Apple Ridge Road, 06810 259,500 1985
Lee Farm Corporate Park 83 Wooster Heights Road, 06811 214,755 1988
Praxair Worldwide Headquarters 10 Riverview Drive, 06810 179,000 1998
Ridgebury Corporate Center 44 Old Ridgebury Road, 06810 130,000 1988
Ridgebury Corporate Center 44 Old Ridgebury Road, 06810 126,107 1989
Salame Plaza 131 West Street, 06810 117,675 1963
Plaza West 100 Mill Plain Road, 06811 91,553 1981
8 Casper St 8 Casper St, 06810 70,146 1986
4 Mountainview Terrace 4 Mountainview Terrace, 06810 64,255 1981
Largest Office Properties Recently Completed in Danbury
Office building Address Sqft Completed
2 Riverview Drive 2 Riverview Drive, 06810 42,120 2016
Greater Danbury Community Health Center - Health Center Central 120 Main Street, 06810 37,000 2016
93 Lake Avenue 93 Lake Avenue, 06810 40,742 2002
7 Kenosia Avenue 7 Kenosia Avenue, 06810 35,960 2000
Praxair Worldwide Headquarters 10 Riverview Drive, 06810 179,000 1998
El Dorado Building 152 West Street, 06810 28,045 1994
The Galleria 225 Main Street, 06810 44,712 1993
229-235 Main Street 235 Main Street, 06810 37,358 1993
Western CT Medical Center 69 Sand Pit Road, 06810 35,472 1989
Ridgebury Corporate Center 44 Old Ridgebury Road, 06810 130,000 1988
Data provided by Commercial Edge

Office Spaces for Rent in Connecticut

See trends for nearby markets

The Danbury office market contains an inventory of 2,471,341 square feet of office space, in 20 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Danbury 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.