Westport Sublease

Westport

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,460
As of: February 23, 2017

Westport Rates

Most listings are in the $50's per square foot per year. The Westport region is seeing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 10% decline in rent.

Compared to the rest of the Fairfield market, the Westport submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.

Westport Listing Supply

In the last 90 days, 28 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 7% of the listings in the Westport are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 2,730 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are close to 2 floors. Most buildings in this area were built in 1978 and are Class A.

Westport Community

Market Report

Trends and status of the commercial real estate market in Westport.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Westport.
Research

Westport Submarkets