Newfield - Westover - Turn of River Office Space

Newfield - Westover - Turn of River

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
12,670
As of: June 23, 2017

Newfield - Westover - Turn of River Rates

On average, listings lease in the $40's per square foot per year. The Newfield - Westover - Turn of River region is experiencing a a boost in rates. In the last 3 months, the median rate rose $44 per sqft per year.

Compared to the rest of the Fairfield market, the Newfield - Westover - Turn of River region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Newfield - Westover - Turn of River Listing Supply

In the last 90 days, 15 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 147% of the available leases in the Newfield - Westover - Turn of River 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 posted, so finding a space for a small business might be tough.

Even though the median size is 12,670 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1971 and are Class B.

Newfield - Westover - Turn of River Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Newfield - Westover - Turn of River occupants. Commuting more than an hour and a half 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 Newfield - Westover - Turn of River.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newfield - Westover - Turn of River.
Research