The typical asking rate per listing is in the $70's per square foot per year. The Central Greenwich region is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 6% decrease in rent.
Compared to the rest of the Fairfield market, the Central Greenwich region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 5% of the available space 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.
Even though the median size is 2,600 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are approximately 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 folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.