Most listings are in the $30's per square foot per year. The Old Hill submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $28 per sqft per year. That's a 47% decline in rent.
Compared to the rest of the Fairfield market, the Old Hill region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,770 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this region were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. 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.