The typical asking rate per listing is in the $70's per square foot per year. The Central Greenwich region is seeing a a boost in rates. In the last 3 months, the median rate went up $25 per sqft per year. That's a 48% increase in rent.
Compared to the rest of the Fairfield market, the Central Greenwich submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 22 listings have been made available, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available space in the Central Greenwich are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 2,700 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region 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 occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.