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)
$44
Median Size (sqft)
5,000
As of: May 18, 2017

Newfield - Westover - Turn of River Rates

Most listings are in the $40's per square foot per year. The Newfield - Westover - Turn of River region is experiencing a an increase in rates. In the last 3 months, the median rate increased $12 per sqft per year. That's a 38% rise in rent.

Compared to the rest of the Fairfield market, the Newfield - Westover - Turn of River region has more expensive 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 made available, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Newfield - Westover - Turn of River are subleases, so you will probably have to consider a longer term 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market 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 folk. 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