The typical asking rate per listing is in the $40's per square foot per year. The Cos Cob submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Fairfield market, the Cos Cob submarket has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the listings in the Cos Cob 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 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 510 sqft. Most properties in this market are approximately 3 stories. Most buildings in this area were built in 1967 and are Class A.