On average, listings lease in the $50's per square foot per year. The Harbor Point submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Fairfield market, the Harbor Point region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 14 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 29% of the available space in the Harbor Point are subleases, so you might be able to snag a great spot on a short term. 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 18,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 8 floors. Most buildings in this area were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this region. Commute by taxi is the most popular way to get to work amongst Harbor Point residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.