• Add a Listing
  • Log In
  • For Lease
    • New Haven Office Spaces for Lease
    • New Haven Retail Spaces for Lease
    • New Haven Industrial Spaces for Lease
  • For Sale
    • New Haven Office Properties for Sale
    • New Haven Retail Properties for Sale
    • New Haven Industrial Properties for Sale
  • Commercial Real Estate
  • Coworking

New Haven Office Rent Price & Sales Report

2020 Office Space Rent & Sales

  • $30.88 2020 Avg. Asking Rent
  • 13.81% 2020 Office Vacancy Rate

New Haven office price per square foot in 2020 was $30.88 on average. The local office market recorded an average vacancy rate of 13.81% across all asset classes combined.

Average Rent by Office Class

2020 Average Office Rent per Square Foot

  • New Haven Class A Office Space$33.43
  • New Haven Class B Office Space$26.42
  • New Haven Class C Office Space$16.59
  • Connecticut Class A Office Space$35.83
  • Connecticut Class B Office Space$23.70
  • Connecticut Class C Office Space$18.29

New Haven, CT Office Asking Rents by Class

Average office rent in New Haven rested at $30.88 per square foot in 2020. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in New Haven averaged $33.43 per square foot. Across all submarkets, class B office space recorded an average asking rent of $26.42 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $16.59 per square foot, on average. Comparably, statewide Connecticut average office rents by class in 2020 were: $35.83 per square foot for class A office space; $23.70 per square foot for class B office space; $18.29 per square foot for class C office space.

2020 Office Construction in New Haven, CT

  • New Haven, 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 New Haven 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 New Haven
Office building Address SF Completed
Park Street Building 55 Park Street, 06513 140,000 2010
2 Howe Street 2 Howe Street, 06511 72,560 2009
1 Howe Street 1 Howe Street, 06511 62,500 2005
One Audubon 1 Audubon Street, 06511 58,351 2003
600 State Street 600 State Street, 06511 93,108 1999
Granite Square 700 State Street, 06511 54,352 1989
One Long Wharf 1 Long Wharf Drive, 06511 270,000 1988
Long Wharf Maritime Center - 545 Long Wharf Drive 545 Long Wharf Drive, 06511 256,520 1988
The Connecticut Financial Center 157 Church Street, 06510 467,500 1987
Yale Physicians Building 800 Howard Avenue, 06519 68,918 1987

Worth noting among recent office completions on the New Haven market is Park Street Building, which is currently the largest new office development in the city, at 140,000 square feet.

Data provided by Commercial Edge

See reports for nearby markets

  • Stamford Office Rent Price
  • White Plains Office Rent Price
  • Shelton Office Rent Price
  • Bridgeport Office Rent Price
  • Wallingford Office Rent Price
  • Trumbull Office Rent Price
  • Fairfield Office Rent Price
  • Cheshire 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 New Haven 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.

    • United States
    • Canada

© 2022 - Yardi Systems, Inc. All Rights Reserved.
About Us
  • Contact Us
  • Who We Are
  • Terms Of Service
  • Privacy Statement
  • Your CA Privacy Rights
  • Sitemap
  • Blog
Our Tools
  • Add a listing
  • Real Estate Terms