The typical asking rate per listing is in the $30's per square foot per year. The The Cove region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Fairfield market, the The Cove region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 19 listings have been listed, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. 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 3,210 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 7 stories. Most buildings in this region were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Most of the residents of The Cove work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.