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Most commerial real estate listings for lease are in the $100's per square foot per year. The Downtown Greenwich submarket is experiencing a a rise in rates. In the last 3 months, the median rate for lease went up $20 per sqft per year. That's a 23% increase in rent.
Compared to the rest of the Fairfield commercial real estate market, the Downtown Greenwich submarket has more expensive rates for rent, and you may need to pay a premium to be in this hot region.
In the last 90 days, 168 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. About 1% of the available commercial real estate leases in the Downtown Greenwich are subleases, so you will probably have to consider a longer term 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.
The standard size for office space in this area is around 1,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built around 1967 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 approximately an hour a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown Greenwich.
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