On average, listings lease 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 $26 per sqft per year. That's a 31% increase in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 29 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 34% of the office spaces 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 2,720 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market 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 area. Most of the folk of Downtown Greenwich work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.