On average, listings lease in the $50's per square foot per year. The West Side - Waterside - South End submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 9% increase in rent.
Compared to the rest of the Fairfield market, the West Side - Waterside - South End submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 26% of the available space in the West Side - Waterside - South End are subleases, so you might be able to snag a great spot on a short term. 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 10,990 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 8 floors. Most buildings in this area were built in 1984 and are Class A.
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 around 30 minutes a day is the norm for those who opt to reside in this part of town.