Old Hill Sublease

Old Hill

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
2,670
As of: July 23, 2017

Old Hill Rates

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.

Old Hill Listing Supply

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.

Old Hill Community

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.

Market Report

Trends and status of the commercial real estate market in Old Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Old Hill.
Research

Westport Submarkets