The typical asking rate per listing is in the $40's per square foot per year. The Downtown Greenwich submarket is going through a decline in rates. In the last 3 months, the median rate fell $46 per sqft per year. That's a 49% decline in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this region are approximately 3 floors. Most buildings in this area were built in 1970 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this area. Most of the folk of Downtown Greenwich work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.