Newfield - Westover - Turn of River Sublease

Newfield - Westover - Turn of River

Office Space Market Report

Number of Listings (last 90 days)
13
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
6,320
As of: December 8, 2016

Newfield - Westover - Turn of River Rates

Most listings are in the $30's per square foot per year. The Newfield - Westover - Turn of River region is experiencing a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 13% decline in rent.

Compared to the rest of the Fairfield market, the Newfield - Westover - Turn of River submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Newfield - Westover - Turn of River Listing Supply

In the last 90 days, 14 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 36% of the available leases in the Newfield - Westover - Turn of River 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 5,690 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this region were built in 1971 and are Class B.

Newfield - Westover - Turn of River Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Newfield - Westover - Turn of River folk. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Newfield - Westover - Turn of River.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Newfield - Westover - Turn of River.
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