The typical asking rate per listing is in the $80's per square foot per year. The Central Greenwich region is experiencing a an increase in rates. In the last 3 months, the median rate increased $30 per sqft per year. That's a 55% increase 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 submarket.
In the last 90 days, 296 listings have come on the market, so you'll want to check back regularly for new listings. About 7% of the available leases in the Central Greenwich are subleases, so you will probably have to consider a longer term lease. 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 properties in this area are close to 3 floors. Most buildings in this market 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 market. 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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