On average, listings lease in the $10's per square foot per year. The Fair Haven submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 13% decline in rent.
In the last 90 days, 8 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 400 sqft. Most buildings in this area are close to 4 stories. Most buildings in this region were built in 1915.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Fair Haven folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.