The typical asking rate per listing is in the $60's per square foot per year. The Old Hill region is experiencing a an increase in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Fairfield market, the Old Hill submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 10 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 20% of the listings 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 3,090 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 3 floors. 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 region. Most of the residents 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.