On average, listings lease in the $60's per square foot per year. The Pemberwick region is experiencing a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Fairfield market, the Pemberwick region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 5 listings have been made available, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 60% of the listings in the Pemberwick 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 available, so finding a space for a small business might be tough.
Even though the median size is 9,420 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 4 stories. Most buildings in this region were built in 1983 and are Class A.