The typical asking rate per listing is in the $20's per square foot per year. The Newtown region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 11% decrease in rent.
Compared to the rest of the Fairfield market, the Newtown region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 21 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the listings 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 available, 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 buildings in this market are around 2 stories. Most buildings in this market were built in 1973 and are Class A.
Real time and historical data on commercial real estate listings in Newtown.
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