Most listings are in the $50's per square foot per year. The Old Hill submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $22 per sqft per year. That's a 61% rise in rent.
Compared to the rest of the Fairfield market, the Old Hill submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 9 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 11% of the available leases 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 available, so finding a space for a small business might be tough.
Even though the median size is 4,030 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market 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 folk of Old Hill work from home. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.