On average, listings lease in the $30's per square foot per year. The The Cove region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decrease in rent.
Compared to the rest of the Fairfield market, the The Cove submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 19 listings have been made available, which means new listings most likley are going fast. 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 3,210 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are approximately 7 floors. Most buildings in this area were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Most of the residents of The Cove work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.