Southport Office Space

Southport

Office Space Market Report

Number of Listings (last 90 days)
4
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
2,650
As of: September 24, 2016

Southport Rates

Most listings are in the $30's per square foot per year. The Southport submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decline in rent.

Compared to the rest of the Fairfield market, the Southport region has higher rates, and you'll need to make a great offer to be in this hot region.

Southport Listing Supply

In the last 90 days, 4 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the office spaces in the Southport 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 available, so finding a space for a small business might be tough.

Even though the median size is 2,650 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market were built in 1986 and are Class B.

Southport Community

Southport Submarkets