Most listings are in the $50's per square foot per year. The Merritt region is experiencing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 6% rise in rent.
Compared to the rest of the Fairfield market, the Merritt region has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 8 listings have been made available, which means listings are probably 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 on the market, 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 market 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 residents of Merritt work from home. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.