On average, listings lease in the $30's per square foot per year. The West Side - Waterside - South End region is going through a decrease in rates. In the last 3 months, the median rate decreased $12 per sqft per year. That's a 23% decrease in rent.
Compared to the rest of the Fairfield market, the West Side - Waterside - South End submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 38 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the listings in the West Side - Waterside - South End are subleases, so you might be able to find a shorter term or below market rent. 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 11,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 4 stories. Most buildings in this region were built in 1985 and are Class B.
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 West Side - Waterside - South End folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.