On average, listings lease in the $20's per square foot per year. The Old Hill region is experiencing a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Fairfield market, the Old Hill submarket has smaller rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 4 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 50% of the available space 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 56,400 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market 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 residents 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.