On average, listings lease in the $40's per square foot per year. The Fairfield Beach Area region is experiencing a a rise in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 33% rise in rent.
Compared to the rest of the Fairfield market, the Fairfield Beach Area submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 350% of the listings in the Fairfield Beach Area are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,130 sqft. Most buildings in this region are close to 3 floors. Most buildings in this region were built in 1961 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Fairfield Beach Area occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.