On average, listings lease in the $50's per square foot per year. The Merritt submarket is going through a a rise in rates. In the last 3 months, the median rate went up $50 per sqft per year.
Compared to the rest of the Fairfield market, the Merritt region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 38,130 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 7 floors. Most buildings in this area were built in 1987 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this region. Most of the folk of Merritt work from home. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.