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Danbury Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $25.53 2020 Avg. Asking Rent
  • 1.06% Y-o-Y Avg. Asking Rent Change
  • 21.32% 2020 Office Vacancy Rate

Danbury office price per square foot in 2020 was $25.53 on average. This marked a +1.06% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 21.32% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • Danbury Class A Office Space$25.87
  • Danbury Class B Office Space$20.86
  • Connecticut Class A Office Space$35.83
  • Connecticut Class B Office Space$23.70
  • Connecticut Class C Office Space$18.29

Danbury, CT Office Asking Rents by Class

2020 Office Construction in Danbury, CT

  • Danbury, 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 Danbury office inventory included buildings equal to or larger than 25,000 square feet, which comprised square feet of office space.

Largest Office Properties Recently Completed in Danbury
Office building Address SF Completed
The Summit at Danbury 39 Old Ridgebury Road, 06810 1,106,000 2022
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
73 Sand Pit Road 73 Sand Pit Road, 06810 34,161 1983

Worth noting among recent office completions on the Danbury market is The Summit at Danbury, which is currently the largest new office development in the city, at 1,106,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • Stamford Office Rent Price
  • White Plains Office Rent Price
  • Norwalk Office Rent Price
  • New Haven Office Rent Price
  • Westport Office Rent Price
  • Shelton Office Rent Price
  • Yonkers Office Rent Price
  • Trumbull 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 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 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.

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