Most listings are in the $40's per square foot per year. The Downtown Greenwich region is going through a decrease in rates. In the last 3 months, the median rate fell $46 per sqft per year. That's a 49% decline in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 12 listings have been posted online, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most properties in this area are close to 3 floors. Most buildings in this area were built in 1970 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 residents 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.