The typical asking rate per listing is in the $40's per square foot per year. The Cos Cob region is seeing a decrease in rates. In the last 3 months, the median rate fell $12 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Fairfield market, the Cos Cob region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 3 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 33% of the available space in the Cos Cob 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.
The standard measurement for office space in this area is around 510 sqft. Most properties in this area are around 3 stories. Most buildings in this region were built in 1967 and are Class A.