Merritt Office Space

Merritt

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$49
Median Size (sqft)
12,210
As of: June 28, 2017

Merritt Rates

The typical asking rate per listing is in the $40's per square foot per year. The Merritt submarket is going through a an increase in rates. In the last 3 months, the median rate went up $49 per sqft per year.

Compared to the rest of the Fairfield market, the Merritt submarket has greater rates, and you'll need to make a great offer to be in this hot region.

Merritt Listing Supply

In the last 90 days, 12 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. About 333% of the office spaces in the Merritt are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 12,210 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 7 stories. Most buildings in this region were built in 1985 and are Class A.

Merritt Community

Wholesale trade is the dominant industry in this area. Most of the occupants of Merritt work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Merritt.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Merritt.
Research