On average, listings lease in the $30's per square foot per year. The Downtown Stamford Historic District region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the Fairfield market, the Downtown Stamford Historic District region has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 25 listings have been posted online, which means new availabilities might be leasing quickly. 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 5,000 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 6 floors. Most buildings in this market were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by car is the most popular way to get to work amongst Downtown Stamford Historic District occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.