On average, listings lease in the $30's per square foot per year. The Old Hill region is seeing a decline in rates. In the last 3 months, the median rate decreased $28 per sqft per year. That's a 47% decline in rent.
Compared to the rest of the Fairfield market, the Old Hill region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 4 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,500 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the folk 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.