On average, listings lease in the $20's per square foot per year. The Shelton submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $0 per sqft per year. That's a 1% decline in rent.
Compared to the rest of the Fairfield market, the Shelton region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 23 listings have been made available, which means new listings most likley are 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1985 and are Class A.