On average, listings lease in the $30's per square foot per year. The Saugatuck submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 19% decrease in rent.
Compared to the rest of the Fairfield market, the Saugatuck region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 2 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,540 sqft. Most properties in this market are close to 2 stories. Most buildings in this area 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 occupants 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.