On average, listings lease in the $50's per square foot per year. The Compo-Owenoke Historic District submarket is going through a a rise in rates. In the last 3 months, the median rate increased $54 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Fairfield market, the Compo-Owenoke Historic District region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 3 listings have been made available, which means spaces most likley are going fast. 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 4,820 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 1982 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Compo-Owenoke Historic District residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.