On average, listings lease in the $40's per square foot per year. The Newfield - Westover - Turn of River region is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 7% increase in rent.
Compared to the rest of the Fairfield market, the Newfield - Westover - Turn of River submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have been posted online, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the listings in the Newfield - Westover - Turn of River 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 4,230 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1971 and are Class B.
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 market. 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.