On average, listings lease in the $20's per square foot per year. The Springdale - Glenbrook - Belltown submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $27 per sqft per year. That's a Inf% rise in rent.
Compared to the rest of the Fairfield market, the Springdale - Glenbrook - Belltown region has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 12 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 8% of the available leases in the Springdale - Glenbrook - Belltown are subleases, so you will probably have to focus your search on direct office leases. 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 4,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Springdale - Glenbrook - Belltown residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.