On average, listings lease in the $30's per square foot per year. The Fairfield Beach Area submarket is experiencing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Fairfield market, the Fairfield Beach Area submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,070 sqft. Most properties in this market are close to 3 floors. Most buildings in this market were built in 1980 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Fairfield Beach Area residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.