On average, listings lease in the $30's per square foot per year. The Old Hill submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $30 per sqft per year. That's a 45% decrease in rent.
Compared to the rest of the Fairfield market, the Old Hill 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, 9 listings have been listed, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,120 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built in 1979 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. Most of the occupants of Old Hill work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.