Most listings are in the $80's per square foot per year. The Central Greenwich submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $7 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Fairfield market, the Central Greenwich region has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 31 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Central Greenwich are subleases, so you will probably have to consider a longer term lease. 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 2,520 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 stories. Most buildings in this region were built in 1974 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 region. 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.