On average, listings lease in the $110's per square foot per year. The Downtown Greenwich region is going through a an increase in rates. In the last 3 months, the median rate went up $26 per sqft per year. That's a 31% rise in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich region has more expensive rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 29 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 34% of the available space in the Downtown Greenwich are subleases, so you might be able to snag a great spot on a short term. 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 2,720 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 3 floors. Most buildings in this area were built in 1968 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Most of the residents of Downtown Greenwich work from home. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.