On average, listings lease in the $30's per square foot per year. The Fairfield Beach Area region is going through a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Fairfield market, the Fairfield Beach Area submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 43 listings have been posted online, so you'll want to check back regularly for new listings. About 21% of the available leases in the Fairfield Beach Area are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,130 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1960 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Fairfield Beach Area occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Fairfield Beach Area.
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