On average, listings lease in the $30's per square foot per year. The West Side - Waterside - South End submarket is seeing a decline in rates. In the last 3 months, the median rate fell $22 per sqft per year. That's a 40% decline in rent.
Compared to the rest of the Fairfield market, the West Side - Waterside - South End region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 19 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 16% of the listings in the West Side - Waterside - South End 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 5,240 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 3 stories. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst West Side - Waterside - South End folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.