On average, listings lease in the $70's per square foot per year. The Greenwich submarket is seeing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Fairfield market, the Greenwich region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 235 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the available space in the 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 1,620 sqft. Most buildings in this market are close to 3 floors. Most buildings in this market were built in 1973 and are Class A.
Real time and historical data on commercial real estate listings in Greenwich.
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