On average, listings lease in the $40's per square foot per year. The Southport region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 28% decline in rent.
Compared to the rest of the Fairfield market, the Southport region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have come on the market, which means new availabilities might be leasing quickly. 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.
The standard measurement for office space in this area is around 1,400 sqft. Most buildings in this area are around 2 floors. Most buildings in this region were built in 1980 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Information is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst Southport occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.