Office Rental Market
- $19.26 2019 Avg. Asking Rent
- 20.29 % 2019 Avg. Vacancy Rate
- 0 2019 Office Completions (Sqft)
- 0 2020 Estimated Pipeline (Sqft)
Average Office Asking Rents by Class
2019 Average Office Rent per Square Foot
- New London Class B Office Buildings$22.06
- CT Class A Office Buildings$35.66
- CT Class B Office Buildings$24.46
- CT Class C Office Buildings$18.42
New London, CT Office Asking Rents by Class
OFFICE CONSTRUCTION IN New London, CT
- New London, CT Total Sqft completed in 2019 0
- New London, CT Total Sqft under construction in 2020 0
Building name | Address | Total Sqft | Year built |
---|---|---|---|
1 Chelsea Street | 1 Chelsea Street, 06320 | 90,400 | 1990 |
6 Shaws Cove | 6 Shaws Cove, 06320 | 90,000 | 1988 |
Mariner Square | 125 Eugene O'Neill Drive, 06320 | 80,000 | 1981 |
3 Shaws Cove | 3 Shaws Cove, 06320 | 70,158 | 1987 |
106 Truman Street | 106 Truman Street, 06320 | 67,082 | 1910 |
26 Washington Street, | 26 Washington Street, 06320 | 66,668 | 1961 |
Harris Place | 165 State Street, 06320 | 65,000 | 1885 |
47 Eugene O'Neill Drive | 47 Eugene O'Neill Drive, 06320 | 61,706 | 1900 |
One & Two Union Plaza | 1 Union Plaza, 06320 | 52,638 | 1968 |
224, 238 & 258 Bank Street & 1 Sparyard Street | 224 Bank Street, 06320 | 51,000 | 1833 |
Office building | Address | Sqft | Completed |
---|---|---|---|
1 Chelsea Street | 1 Chelsea Street, 06320 | 90,400 | 1990 |
6 Shaws Cove | 6 Shaws Cove, 06320 | 90,000 | 1988 |
Manwaring Building | 223 State Street, 06320 | 37,578 | 1988 |
223 State Street | 223 State Street, 06320 | 37,578 | 1988 |
2 Shaws Cove | 2 Shaws Cove, 06320 | 31,366 | 1988 |
3 Shaws Cove | 3 Shaws Cove, 06320 | 70,158 | 1987 |
5 Shaws Cove | 5 Shaws Cove, 06320 | 37,026 | 1987 |
400 Bayonet Street | 400 Bayonet Street, 06320 | 31,956 | 1987 |
4 Shaws Cove | 4 Shaws Cove, 06320 | 29,236 | 1987 |
LM Medical Office Building | 194 Howard Street, 06320 | 48,330 | 1985 |
See trends for nearby markets
The New London office market contains an inventory of 832,258 square feet of office space, in 18 buildings that are equal to or larger than 25,000 square feet.
This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.