Compared to the rest of the Fairfield market, the Merritt submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available space in the Merritt 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,850 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 7 floors. Most buildings in this market were built in 1987 and are Class A.
This area is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Most of the residents of Merritt work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.