Downtown Greenwich Retail

Downtown Greenwich

Office Space Market Report

Number of Listings (last 90 days)
27
Median Rate ($/sqft/yr)
$106
Median Size (sqft)
3,400
As of: February 24, 2017

Downtown Greenwich Rates

Most listings are in the $100's per square foot per year. The Downtown Greenwich submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 6% decline in rent.

Compared to the rest of the Fairfield market, the Downtown Greenwich submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.

Downtown Greenwich Listing Supply

In the last 90 days, 22 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Downtown Greenwich are subleases, so you will probably have to consider a longer term lease. 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 3,420 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this region were built in 1970 and are Class A.

Downtown Greenwich Community

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 region. Most of the occupants 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.

Market Report

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

Market Data

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

Greenwich Submarkets