The typical asking rate per listing is in the $30's per square foot per year. The The Cove region is seeing a a boost in rates. In the last 3 months, the median rate rose $37 per sqft per year.
Compared to the rest of the Fairfield market, the The Cove submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 4 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 75% of the available space in the The Cove are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 7,100 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 7 floors. Most buildings in this market 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 area. Most of the residents of The Cove work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.