Central Greenwich Office Space

Central Greenwich

Office Space Market Report

Number of Listings (last 90 days)
41
Median Rate ($/sqft/yr)
$79
Median Size (sqft)
3,660
As of: July 24, 2017

Central Greenwich Rates

Most listings are in the $50's per square foot per year. The Central Greenwich region is seeing a decrease in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 24% decline in rent.

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

Central Greenwich Listing Supply

In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 66% of the listings in the Central 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 posted, so finding a space for a small business might be tough.

Even though the median size is 4,050 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this market were built in 1974 and are Class A.

Central Greenwich Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Central Greenwich occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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

Greenwich Submarkets