On average, listings lease in the $50's per square foot per year. The Central Greenwich submarket is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 41% of the available leases in the Central Greenwich are subleases, so you might be able to snag a great spot on a short term. 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 3,660 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area 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 approximately 20 minutes a day is the norm for those who opt to reside in this part of town.