On average, listings lease in the $50's per square foot per year. The Old Hill region is experiencing a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year. That's a 114% rise in rent.
Compared to the rest of the Fairfield market, the Old Hill submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 40% of the available space in the Old Hill are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 5,560 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 stories. Most buildings in this market were built in 1979 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Most of the occupants of Old Hill work from home. Commuting close to an hour and a half a day is the norm for those who opt to reside in this part of town.