On average, listings lease in the $30's per square foot per year. The Newfield - Westover - Turn of River 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 14% decrease in rent.
Compared to the rest of the Fairfield market, the Newfield - Westover - Turn of River region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 133 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the office spaces in the Newfield - Westover - Turn of River are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 7,500 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this region were built in 1971 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Newfield - Westover - Turn of River occupants. Commuting more than an hour and a half 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 Newfield - Westover - Turn of River.
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