2024 Office Space Rent & Sales
- $19.44 2024 Avg. Asking Rent
- 16.92% 2024 Office Vacancy Rate
New London office price per square foot in 2024 was $19.44 on average. The local office market recorded an average vacancy rate of 16.92% 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 London, CT Office Asking Rents by Class
Office Spaces for Rent in Connecticut
- New York City Office Space
- Manhattan Office Space
- Brooklyn Office Space
- Queens Office Space
- Boston Office Space
- Bronx Office Space
- Stamford Office Space
- Danbury Office Space
- Hartford Office Space
- Newark Office Space
- Farmington Office Space
- Westport Office Space
- Jersey City Office Space
- New Haven Office Space
- Waterbury Office Space
Coworking Spaces in Connecticut
- New York City Coworking Space
- Manhattan Coworking Space
- Washington Coworking Space
- Boston Coworking Space
- Brooklyn Coworking Space
- Charlotte Coworking Space
- Philadelphia Coworking Space
- Columbus Coworking Space
- Cincinnati Coworking Space
- Raleigh Coworking Space
- Pittsburgh Coworking Space
- Alexandria Coworking Space
- Cambridge Coworking Space
- Durham Coworking Space
- Cleveland Coworking Space
- Jersey City Coworking Space
- Richmond Coworking Space
- Bethesda Coworking Space
- Asheville Coworking Space
- Queens Coworking Space
| Office building | Address | SF | Completed |
|---|---|---|---|
| 1 Chelsea Street | 1 Chelsea Street, 06320 | 90,400 | 1990 |
| 5 Shaws Cove | 5 Shaws Cove, 06320 | 37,026 | 1987 |
| 4 Shaws Cove | 4 Shaws Cove, 06320 | 29,236 | 1987 |
| 7 Governor Winthrop Blvd | 7 Governor Winthrop Blvd, 06320 | 8,200 | 1975 |
| 464 Ocean Avenue | 464 Ocean Avenue, 06320 | 10,500 | 1957 |
| 27 Masonic Street | 27 Masonic Street, 06320 | 35,112 | 1933 |
| Harris Place Downtown Office/Retail | 153 State Street, 06320 | 81,312 | 1885 |
| Harris Place | 165 State Street, 06320 | 81,312 | 1885 |
| 27 Bank Street | 27 Bank Street, 06320 | 11,676 | 1875 |
Worth noting among recent office completions on the New London market is 1 Chelsea Street, which is currently the largest new office development in the city, at 90,400 square feet.
See reports for other markets
- Stamford Office Rent Price
- Hartford Office Rent Price
- Greenwich Office Rent Price
- Danbury Office Rent Price
- Shelton Office Rent Price
- Manhattan Office Rent Price
- Washington Office Rent Price
- Phoenix Office Rent Price
- Atlanta Office Rent Price
- Seattle Office Rent Price
- Dallas Office Rent Price
- San Francisco Office Rent Price
- Miami Office Rent Price
- Charlotte Office Rent Price
- Los Angeles Office Rent Price
- San Diego 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 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 London 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.