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. This compares to the 4th Quarter 2017, which produced an $80 median sale price per square foot that is 23.0% below the five year peak and 1.0% below the average.

Source(s):CoStar

Sales:

The following are recent sales that occurred during the first quarter of 2018:

205 Orange Street, New Haven

  • Sale Price: $1,075,000
  • Sale Date: 1/24/2018
  • .17 acres
  • 17,352 square feet
  • $62 price per square foot

 

 

10 Alexander Drive, Wallingford

  • Sale Price: $1,000,000
  • Sale Date: 1/8/2018
  • 8.46 acres
  • 18,213 square feet
  • $55 price per square foot