On average, listings lease in the $50's per square foot per year. The Harbor Point region is experiencing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 1% increase in rent.
Compared to the rest of the Fairfield market, the Harbor Point region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 14 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 18,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 8 stories. Most buildings in this area were built in 1987 and are Class A.
A large portion of this market 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 residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.