Most listings are in the $90's per square foot per year. The Downtown Greenwich region is going through a decrease in rates. In the last 3 months, the median rate decreased $17 per sqft per year. That's a 15% decline in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich region has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 29 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the listings in the Downtown 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,400 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this market 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 region. Most of the residents of Downtown Greenwich work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.