On average, listings lease in the $40's per square foot per year. The Fairfield Beach Area region is seeing a a boost in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 33% increase in rent.
Compared to the rest of the Fairfield market, the Fairfield Beach Area submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 400% of the available space in the Fairfield Beach Area 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,130 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1961 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Fairfield Beach Area occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.