Most listings are in the $70's per square foot per year. The Downtown Greenwich submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $29 per sqft per year. That's a 59% increase in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 13 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 15% 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,850 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this area 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 area. Most of the residents of Downtown Greenwich work from home. Commuting around an hour a day is the norm for those who opt to reside in this part of town.