On average, listings lease in the $110's per square foot per year. The Springdale - Glenbrook - Belltown region is seeing a an increase in rates. In the last 3 months, the median rate rose $85 per sqft per year. That's a 339% increase in rent.
Compared to the rest of the Fairfield market, the Springdale - Glenbrook - Belltown submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 12,000 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1975 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 area. 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.