On average, listings lease in the $50's per square foot per year. The West Side - Waterside - South End submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $19 per sqft per year. That's a 58% rise in rent.
Compared to the rest of the Fairfield market, the West Side - Waterside - South End region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 17% of the listings in the West Side - Waterside - South End 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 10,990 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 8 stories. Most buildings in this region were built in 1983 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst West Side - Waterside - South End residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.