The typical asking rate per listing is in the $50's per square foot per year. The Merritt region is seeing a an increase in rates. In the last 3 months, the median rate increased $50 per sqft per year.
Compared to the rest of the Fairfield market, the Merritt submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been posted online, which means listings most likley are going fast. 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 38,130 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are approximately 7 stories. Most buildings in this area were built in 1987 and are Class A.
This market is fairly equally mixed residential and commercial. Wholesale trade is the dominant industry in this market. Most of the folk of Merritt work from home. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.