2023 Office Space Rent & Sales
- $50.56 2023 Avg. Asking Rent
- 0.58% Y-o-Y Avg. Asking Rent Change
- 11.00% 2023 Office Vacancy Rate
Greenwich office price per square foot in 2023 was $50.56 on average. This marked a +0.58% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 11.00% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Connecticut Class A & A+ Office Space$33.28
- Connecticut Class B Office Space$23.34
- Connecticut Class C Office Space$27.95
Greenwich, CT Office Asking Rents by Class
Office Spaces for Rent in Connecticut
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Coworking Spaces in Connecticut
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| Office building | Address | SF | Completed |
|---|---|---|---|
| 52 Brookside Drive | 52 Brookside Drive, 06830 | 7,800 | 2016 |
| 644 W Putnam Ave | 644 W Putnam Ave, 06830 | 40,000 | 2012 |
| One Sound Shore Drive | 1 Sound Shore Drive, 06830 | 62,000 | 1985 |
| 8 Sound Shore Drive | 8 Sound Shore Drive, 06830 | 72,000 | 1982 |
| 282 Railroad Avenue | 282 Railroad Avenue, 06830 | 35,000 | 1982 |
| Two Sound View Drive | 2 Sound View Drive, 06830 | 37,900 | 1978 |
| 9 Greenwich Office Park | 51 Weaver Street, 06830 | 22,096 | 1978 |
| 55 Old Field Point Rd | 55 Old Field Point Rd, 06830 | 11,560 | 1978 |
| Plaza 55 | 55 Railroad Avenue, 06830 | 132,000 | 1975 |
| Pickwick Plaza | 2 Pickwick Plaza, 06830 | 86,937 | 1974 |
Worth noting among recent office completions on the Greenwich market is 52 Brookside Drive, which is currently the largest new office development in the city, at 7,800 square feet.
See reports for other markets
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Greenwich commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.