The typical asking rate per listing is in the $50's per square foot per year. The Westport submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 20% rise in rent.
Compared to the rest of the Fairfield market, the Westport submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 31 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the available leases in the Westport are subleases, so you will probably have to focus your search on direct office leases. 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 3,200 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 2 stories. Most buildings in this market were built in 1978 and are Class A.