Westport Retail

Westport

Office Space Market Report

Number of Listings (last 90 days)
33
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,120
As of: February 24, 2017

Westport Rates

On average, listings lease in the $50's per square foot per year. The Westport region is experiencing a an increase in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 7% rise in rent.

Compared to the rest of the Fairfield market, the Westport submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.

Westport Listing Supply

In the last 90 days, 33 listings have been made available, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Westport are subleases, so you will probably have to focus your search on direct office leases. 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 2,120 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