Most listings are in the $80's per square foot per year. The Downtown Greenwich submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $22 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Fairfield market, the Downtown Greenwich submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 29 listings have been made available, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Downtown 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 5,100 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are around 3 floors. Most buildings in this market 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 folk of Downtown Greenwich work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.