Most listings are in the $90's per square foot per year. The Downtown Greenwich region is going through a a boost in rates. In the last 3 months, the median rate increased $17 per sqft per year. That's a 22% increase in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 20 listings have come on the market, which means spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 15% of the available leases in the Downtown Greenwich are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 4 stories. Most buildings in this region 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 market. Most of the residents 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.