On average, listings lease in the $30's per square foot per year. The Downtown Stamford region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Fairfield market, the Downtown Stamford region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 31 listings have come on the market, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 23% of the office spaces in the Downtown Stamford are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,670 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this market were built in 1980 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Downtown Stamford folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.