On average, listings lease in the $30's per square foot per year. The Cove - East Side - Shippan submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 17% increase in rent.
Compared to the rest of the Fairfield market, the Cove - East Side - Shippan submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 24 listings have come on the market, which means leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,250 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 4 floors. Most buildings in this market were built in 1982 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this area. Commute by taxi is the most popular way to get to work amongst Cove - East Side - Shippan residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.