The typical asking rate per listing is in the $30's per square foot per year. The Cove - East Side - Shippan region is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Fairfield market, the Cove - East Side - Shippan region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have come on the market, which means new availabilities 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 7,100 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 7 floors. Most buildings in this area were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by taxi is the most popular way to get to work amongst Cove - East Side - Shippan folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.