Most listings are in the $30's per square foot per year. The Southport region is seeing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Fairfield market, the Southport region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 4 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available space in the Southport are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,650 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market 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 region. 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.