Greenwich Office Space

Greenwich

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
3,100
As of: August 20, 2017

Greenwich Rates

Most listings are in the $40's per square foot per year. The Greenwich region is seeing a decline in rates. In the last 3 months, the median rate decreased $44 per sqft per year. That's a 49% decline in rent.

Compared to the rest of the Fairfield market, the Greenwich region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Greenwich Listing Supply

In the last 90 days, 36 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 31% of the available space in the 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,100 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this market were built in 1973 and are Class A.

Greenwich Community

Market Report

Trends and status of the commercial real estate market in Greenwich.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Greenwich.
Research

Greenwich Submarkets