On average, listings lease in the $30's per square foot per year. The Cove - East Side - Shippan region is experiencing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Fairfield market, the Cove - East Side - Shippan submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 13 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,850 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are close to 7 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 folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.