2024 Office Space Rent & Sales
- $23.23 2024 Avg. Asking Rent
- 2.13% Y-o-Y Avg. Asking Rent Change
- 23.76% 2024 Office Vacancy Rate
Glastonbury Town office price per square foot in 2024 was $23.23 on average. This marked a +2.13% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 23.76% 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
2024 Average Office Rent per Square Foot
- Connecticut Class A & A+ Office Space$31.22
- Connecticut Class B Office Space$20.66
Glastonbury Town, CT Office Asking Rents by Class
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Somerset Place Office Condominiums | 447 Naubuc Avenue, Unit 112, 06033 | 1,350 | 2010 |
| 455 Winding Brook Drive | 455 Winding Brook Drive, 06033 | 90,882 | 2003 |
| 180 Glastonbury Blvd | 180 Glastonbury Blvd, 06033 | 108,668 | 2002 |
| 212 New London Tpke #D | 212 New London Tpke #D, 06033 | 1,680 | 1994 |
| 200 Glastonbury Blvd | 200 Glastonbury Blvd, 06033 | 75,656 | 1989 |
| Somerset Square - 95 Glastonbury Blvd | 95 Glastonbury Blvd, 06033 | 148,000 | 1988 |
| 148 Eastern Blvd | 148 Eastern Blvd, 06033 | 45,904 | 1988 |
| Glastonbury Corporate Center - Buildings II & IV | 628 Hebron Avenue, 06033 | 160,492 | 1987 |
| 655 Winding Brook Drive | 655 Winding Brook Drive, 06033 | 103,000 | 1985 |
| 50 & 55 Nye Road | 55 Nye Road, 06033 | 43,866 | 1985 |
Worth noting among recent office completions on the Glastonbury Town market is Somerset Place Office Condominiums, which is currently the largest new office development in the city, at 1,350 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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Glastonbury Town 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 Yardi Research Data can guarantee that the information provided is complete.