On average, listings lease in the $60's per square foot per year. The Old Hill submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Fairfield market, the Old Hill submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 10 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 20% of the available leases in the Old Hill are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,090 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this region were built in 1979 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this market. 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.