On average, listings lease in the $50's per square foot per year. The Westport submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Fairfield market, the Westport region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 32 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 91% of the listings in the Westport 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.
The standard measurement for office space in this area is around 1,650 sqft. Most properties in this market are close to 2 floors. Most buildings in this region were built in 1978 and are Class A.