The typical asking rate per listing is in the $20's per square foot per year. The Newtown region is going through a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 11% decline in rent.
Compared to the rest of the Fairfield market, the Newtown submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 21 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the office spaces in the Newtown are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1973 and are Class A.
Real time and historical data on commercial real estate listings in Newtown.
Get email notifications when new listings are posted that match your requirements.