Most listings are in the $40's per square foot per year. The Saugatuck region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 13% decline in rent.
Compared to the rest of the Fairfield market, the Saugatuck submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 1 listings have been posted online, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. 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 8,040 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. 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 area. Most of the folk 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.