Cove - East Side - Shippan Office Space

Cove - East Side - Shippan

Office Space Market Report

Number of Listings (last 90 days)
7
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
12,230
As of: June 23, 2017

Cove - East Side - Shippan Rates

The typical asking rate per listing is in the $30's per square foot per year. The Cove - East Side - Shippan submarket is going through a an increase in rates. In the last 3 months, the median rate increased $37 per sqft per year.

Compared to the rest of the Fairfield market, the Cove - East Side - Shippan region has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Cove - East Side - Shippan Listing Supply

In the last 90 days, 7 listings have been listed, which means listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 214% of the office spaces in the Cove - East Side - Shippan 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 available, so finding a space for a small business might be tough.

Even though the median size is 13,880 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 5 floors. Most buildings in this market were built in 1981 and are Class A.

Cove - East Side - Shippan Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Commute by taxi is the most popular way to get to work amongst Cove - East Side - Shippan folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Cove - East Side - Shippan.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Cove - East Side - Shippan.
Research