Recent News

New Haven County Office Market Overview

The New Haven County Office Market is comprised of approximately 34,200,000 square feet of inventory. As of the 1st Quarter 2018, the vacancy rate in New Haven County is 8.2%, 40 basis points higher than the 1st Quarter 2017, and 156 basis points lower than the ten year average.

Office Sales and Trends in New Haven County

Trends: Since the beginning of 2013, there has been approximately 450 office properties sold throughout New Haven County. Total dollar volume exceeded $700,000,000 with over 9,500,000 square feet of space transferred. Over this period of time, the market averaged a $79 median sale price per square foot.

Southbury’s Heritage Landmark Sold

Southbury’s Heritage Landmark office building sold on March 8, 2018 for a reported $2,125,00. The property was sold by CD Resources, LLC to RNL, LLC for approximately $82/square foot.