The typical asking rate per listing is in the $20's per square foot per year. The Shelton submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% rise in rent.
Compared to the rest of the Fairfield market, the Shelton submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 23 listings have come on the market, which means new availabilities are probably 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,330 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this market were built in 1985 and are Class A.