The typical asking rate per listing is in the $80's per square foot per year. The Central Greenwich submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $30 per sqft per year. That's a 55% rise in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 296 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Central Greenwich are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this market are close to 3 stories. Most buildings in this area were built in 1974 and are Class A.
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 area. Commute by walking is the most popular way to get to work amongst Central Greenwich residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central Greenwich.
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