Most listings are in the $50'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 $4 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 41% of the listings in the Central Greenwich are subleases, so you might be able to snag a great spot on a short term. 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 3,660 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region 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 region. Commute by walking is the most popular way to get to work amongst Central Greenwich folk. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.