On average, listings lease in the $50's per square foot per year. The Saugatuck region is going through a an increase in rates. In the last 3 months, the median rate went up $27 per sqft per year. That's a 84% rise in rent.
Compared to the rest of the Fairfield market, the Saugatuck region has greater rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 2 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 100% of the listings in the Saugatuck 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 6,250 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this market were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the residents of Saugatuck work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.