Waterbury Office Market Trends

Office Rental Market

  • $22.01 2019 Avg. Asking Rent
  • 25.23 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Waterbury was $22.01 per square foot, and the office vacancy rate across the market averaged 25.23 %. During 2019, developers added 0 square feet of new office space to the Waterbury market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Waterbury Class B Office Buildings$22.01
  • CT Class A Office Buildings$35.66
  • CT Class B Office Buildings$24.46
  • CT Class C Office Buildings$18.42

Waterbury, CT Office Asking Rents by Class

OFFICE CONSTRUCTION IN Waterbury, CT

  • Waterbury, CT Total Sqft completed in 2019 0
  • Waterbury, CT Total Sqft under construction in 2020 0
10 Largest Office Buildings in Waterbury
Building name Address Total Sqft Year built
Waterbury Commons 111 West Main Street, 06702 182,500 1910
250 Freight Street 250 Freight Street, 06702 117,896 1906
Howland-Hughes Building 140 Bank Street, 06702 114,000 1902
245 Freight Street & 227 Freight Street 245 Freight Street, 06702 106,394 1910
Croft Commons 95 Scovill Street, 06706 95,000 1985
95 Scovill Street 95 Scovill Street, 06706 95,000 1985
Crossroads East 850 Straits Turnpike, 06762 72,925 1988
249 Thomaston Avenue 249 Thomaston Avenue, 06702 71,000 1995
Waterbury Medical Center 1389 West Main Street, 06708 68,668 1964
Webster Plaza 145 Bank Street, 06702 65,768 1978
Largest Office Properties Recently Completed in Waterbury
Office building Address Sqft Completed
The Harold Leever Regional Cancer Center 1075 Chase Pkwy, 06708 40,000 2002
249 Thomaston Avenue 249 Thomaston Avenue, 06702 71,000 1995
Crossroads East 850 Straits Turnpike, 06762 72,925 1988
60 Westwood Avenue 60 Westwood Avenue, 06708 37,566 1987
One Exchange Place 21 West Main Street, 06702 57,492 1986
255 Bank Street 255 Bank Street, 06702 41,000 1986
255 Bank Street 255 Bank Street, 06702 41,000 1986
95 Scovill Street 95 Scovill Street, 06706 95,000 1985
Croft Commons 95 Scovill Street, 06706 95,000 1985
500 Chase Pkwy 500 Chase Pkwy, 06708 60,000 1985
Data provided by Commercial Edge

Office Spaces for Rent in Connecticut

See trends for nearby markets

The Waterbury office market contains an inventory of 1,376,704 square feet of office space, in 30 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 Waterbury 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.