Westport Office Space

Westport

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
1,650
As of: July 26, 2017

Westport Rates

The typical asking rate per listing is in the $50's per square foot per year. The Westport region is experiencing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 25% increase in rent.

Compared to the rest of the Fairfield market, the Westport region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Westport Listing Supply

In the last 90 days, 32 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 100% of the office spaces in the Westport 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 2,670 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this market were built in 1978 and are Class A.

Westport Community

Market Report

Trends and status of the commercial real estate market in Westport.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westport.
Research

Westport Submarkets