On average, listings lease in the $80's per square foot per year. The Greenwich submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a 44% rise 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, 28 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 11% of the listings in the Greenwich are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,780 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1973 and are Class A.