On average, listings lease in the $50's per square foot per year. The Old Hill region is going through a an increase in rates. In the last 3 months, the median rate went up $22 per sqft per year. That's a 61% increase in rent.
Compared to the rest of the Fairfield market, the Old Hill region has higher 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 posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 78% of the office spaces in the Old Hill are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 2,670 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this area 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 close to an hour and a half a day is the norm for those who opt to reside in this part of town.