Most listings are in the $70's per square foot per year. The Central Greenwich submarket is going through a an increase in rates. In the last 3 months, the median rate increased $24 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 30 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 10% of the office spaces 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.
Even though the median size is 2,700 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this area were built in 1973 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 market. Commute by walking is the most popular way to get to work amongst Central Greenwich residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.