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.
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.
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.