Old Hill Office Space

Old Hill

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
4,030
As of: August 18, 2017

Old Hill Rates

The typical asking rate per listing is in the $60's per square foot per year. The Old Hill submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $26 per sqft per year. That's a 71% increase in rent.

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

Old Hill Listing Supply

In the last 90 days, 9 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. About 22% of the office spaces in the Old Hill are subleases, so you might be able to snag a great spot on a short term. 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 4,390 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1979 and are Class A.

Old Hill Community

A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this market. Most of the folk of Old Hill work from home. Commuting approximately an hour and a half 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 Old Hill.
Market Report

Market Data

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

Westport Submarkets