The typical asking rate per listing is in the $50's per square foot per year. The Saugatuck submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $20 per sqft per year. That's a 63% rise in rent.
Compared to the rest of the Fairfield market, the Saugatuck submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 2 listings have been made available, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 150% of the listings in the Saugatuck 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 2 floors. Most buildings in this region were built in 1900 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the folk of Saugatuck work from home. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.