2024 Office Space Rent & Sales
- $22.91 2024 Avg. Asking Rent
- 24.26% 2024 Office Vacancy Rate
New Haven office price per square foot in 2024 was $22.91 on average. The local office market recorded an average vacancy rate of 24.26% 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
New Haven, CT Office Asking Rents by Class
Office Spaces for Rent in Connecticut
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Coworking Spaces in Connecticut
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2024 Office Construction in New Haven, CT
- New Haven, CT Total SF completed in 2024 525,000
- New Haven, CT Total SF under construction in 2025 35,560
During 2024, 525,000 square feet of new office space were delivered across the market. At the close of 2024, the New Haven office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 525,000 square feet of office space. Looking forward, development activity throughout 2025 is estimated to add 35,560 square feet of office space to the market, before year-end.
| Office building | Address | SF | Completed |
|---|---|---|---|
| One Audubon | 1 Audubon Street, 06511 | 58,351 | 2003 |
| 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 |
| First Niagara Bank Building | 195 Church Street, 06510 | 263,938 | 1974 |
| 3 Kimberly Ave | 3 Kimberly Ave, 06519 | 1,164 | 1967 |
| New Haven Plaza | 540 Ella T. Grasso Blvd, 06519 | 130,000 | 1963 |
| New Haven Towers | 129 York Street, 06511 | 102,024 | 1960 |
| The Bullard Building | 59 Elm Street, 06510 | 120,064 | 1925 |
| 1948 Chapel St | 1948 Chapel St, 06515 | 3,143 | 1920 |
| 370 James Street | 370 James Street, 06513 | 172,887 | 1915 |
Worth noting among recent office completions on the New Haven market is One Audubon, which is currently the largest new office development in the city, at 58,351 square feet.
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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 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.