The typical asking rate per listing is in the $30's per square foot per year. The Downtown Stamford Historic District submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Fairfield market, the Downtown Stamford Historic District submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 25 listings have come on the market, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. 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 2,670 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this market were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Downtown Stamford Historic District residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.