On average, listings lease in the $70's per square foot per year. The Central Greenwich region is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 41 listings have been made available, so you'll want to check back regularly for new listings. About 7% of the available leases 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.
Even though the median size is 2,720 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this market 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 market. Commute by walking is the most popular way to get to work amongst Central Greenwich folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.