Greenwich Retail

Greenwich

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
3,100
As of: August 16, 2017

Greenwich Rates

The typical asking rate per listing is in the $40's per square foot per year. The Greenwich region is experiencing a decline in rates. In the last 3 months, the median rate decreased $44 per sqft per year. That's a 49% decrease in rent.

Compared to the rest of the Fairfield market, the Greenwich submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Greenwich Listing Supply

In the last 90 days, 36 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 31% of the available space in the 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,100 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this region were built in 1973 and are Class A.

Greenwich Community

Market Report

Trends and status of the commercial real estate market in Greenwich.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Greenwich.
Research

Greenwich Submarkets