The typical asking rate per listing is in the $50's per square foot per year. The Westport submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 5% decline in rent.
Compared to the rest of the Fairfield market, the Westport region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 326 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the listings in the Westport are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,480 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1978 and are Class A.
Real time and historical data on commercial real estate listings in Westport.
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