The typical asking rate per listing is in the $110's per square foot per year. The Downtown Greenwich region is going through a an increase in rates. In the last 3 months, the median rate rose $112 per sqft per year.
Compared to the rest of the Fairfield market, the Downtown Greenwich submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 29 listings have come on the market, which means listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 34% of the listings in the Downtown Greenwich are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Most of the occupants of Downtown Greenwich work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.