Most listings are in the $20's per square foot per year. The Old Hill region is experiencing a decline in rates. In the last 3 months, the median rate fell $32 per sqft per year. That's a 53% decrease in rent.
Compared to the rest of the Fairfield market, the Old Hill submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been posted online, which means new availabilities are probably leasing quickly. 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 14,700 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this area were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this area. Most of the residents of Old Hill work from home. Commuting around an hour and a half a day is the norm for those who opt to reside in this part of town.