On average, listings lease in the $80's per square foot per year. The Central Greenwich submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $7 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 36 listings have been posted online, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Central Greenwich are subleases, so you will probably have to consider a longer term lease. 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 2,390 sqft. Most buildings in this area 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 area. Commute by walking is the most popular way to get to work amongst Central Greenwich folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.