On average, listings lease in the $50's per square foot per year. The Central Greenwich region is experiencing a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 10% rise 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.
In the last 90 days, 24 listings have come on the market, which means office spaces most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 8% of the listings in the Central Greenwich are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,020 sqft. Most properties in this area are around 3 stories. Most buildings in this market were built in 1973 and are Class A.
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 market. Commute by walking is the most popular way to get to work amongst Central Greenwich folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.