On average, listings lease in the $50's per square foot per year. The Central Greenwich region is going through a decline in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 24% decline in rent.
Compared to the rest of the Fairfield market, the Central Greenwich region has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 41 listings have been listed, so you'll want to check back regularly for new listings. About 68% of the listings in the Central Greenwich are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,050 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 3 stories. Most buildings in this region 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.