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)
$46
Median Size (sqft)
5,000
As of: July 22, 2017

Newfield - Westover - Turn of River Rates

The typical asking rate per listing is in the $40's per square foot per year. The Newfield - Westover - Turn of River submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Fairfield market, the Newfield - Westover - Turn of River region has higher rates, and you'll need to pay a premium to be in this hot region.

Newfield - Westover - Turn of River Listing Supply

In the last 90 days, 15 listings have been listed, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 107% 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 5,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1971 and are Class A.

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 market. Commute by bike is the most popular way to get to work amongst Newfield - Westover - Turn of River residents. 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