Greenwich Sublease

Greenwich

Office Space Market Report

Number of Listings (last 90 days)
34
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
2,520
As of: February 23, 2017

Greenwich Rates

On average, listings lease in the $80's per square foot per year. The Greenwich submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 6% decrease in rent.

Compared to the rest of the Fairfield market, the Greenwich region has higher rates, and you'll need to make a great offer to be in this hot region.

Greenwich Listing Supply

In the last 90 days, 29 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the office spaces in the Greenwich are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,400 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this region were built in 1974 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