On average, listings lease in the $50's per square foot per year. The Harbor Point region is going through a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 1% decrease in rent.
Compared to the rest of the Fairfield market, the Harbor Point submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 14 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 29% of the available leases in the Harbor Point are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 18,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 8 floors. Most buildings in this area were built in 1987 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Manufacturing is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Harbor Point occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.