The typical asking rate per listing is in the $40's per square foot per year. The Westport submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Fairfield market, the Westport submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 326 listings have been posted online, so you'll want to check back regularly for new listings. About 10% of the available leases in the Westport are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 1,320 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1978 and are Class A.
Real time and historical data on commercial real estate listings in Westport.
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