The typical asking rate per listing is in the $30's per square foot per year. The Saugatuck region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the Fairfield market, the Saugatuck region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 2 listings have come on the market, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,580 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the residents of Saugatuck work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.