The typical asking rate per listing is in the $0's per square foot per year. The Downtown Greenwich region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $95 per sqft per year. That's a 100% decline in rent.
In the last 90 days, 29 listings have come on the market, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around sqft. Most buildings in this market are approximately 3 floors. Most buildings in this market were built in 1970 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 market. Most of the occupants 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.