Westport Retail

Westport

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$55
Median Size (sqft)
2,670
As of: July 19, 2017

Westport Rates

The typical asking rate per listing is in the $40's per square foot per year. The Westport submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 9% increase in rent.

Compared to the rest of the Fairfield market, the Westport region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Westport Listing Supply

In the last 90 days, 32 listings have come on the market, which means listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 163% of the office spaces in the Westport are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,480 sqft. Most buildings in this area are close to 2 stories. Most buildings in this region were built in 1978 and are Class A.

Westport Community

Market Report

Trends and status of the commercial real estate market in Westport.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westport.
Research

Westport Submarkets