Greenwich Office Market Trends

Office Rental Market

  • $67.94 2019 Avg. Asking Rent
  • 14.96 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Greenwich was $67.94 per square foot, and the office vacancy rate across the market averaged 14.96 %. During 2019, developers added 0 square feet of new office space to the Greenwich market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Greenwich Class A Office Buildings$81.94
  • Greenwich Class B Office Buildings$54.28
  • CT Class A Office Buildings$35.66
  • CT Class B Office Buildings$24.46
  • CT Class C Office Buildings$18.42

Greenwich, CT Office Asking Rents by Class

OFFICE CONSTRUCTION IN Greenwich, CT

  • Greenwich, CT Total Sqft completed in 2019 0
  • Greenwich, CT Total Sqft under construction in 2020 0
10 Largest Office Buildings in Greenwich
Building name Address Total Sqft Year built
Greenwich American Center 1 American Lane, 06831 650,442 1970
Greenwich American Centre 1 American Lane, 06831 589,784 1970
600 Steamboat 600 Steamboat Road, 06830 180,000 1972
One Greenwich Plaza 1 Greenwich Plaza, 06830 170,464 1970
100 West Putnam Avenue 100 West Putnam Avenue, 06830 155,000 1970
Two Greenwich Plaza 2 Greenwich Plaza, 06830 153,508 1970
One Greenwich Plaza 1 Greenwich Plaza, 06830 148,449 1969
55 Railroad Avenue 55 Railroad Avenue, 06830 137,506 1975
Two Greenwich Plaza 2 Greenwich Plaza, 06830 136,325 1969
Plaza 55 55 Railroad Avenue, 06830 132,000 1975
Largest Office Properties Recently Completed in Greenwich
Office building Address Sqft Completed
330 Railroad Avenue 330 Railroad Avenue, 06830 25,000 2017
1275 King Street 1275 King Street, 06831 73,572 1996
Osprey House 1 East Weaver Street, 06831 82,303 1987
One Sound Shore Drive 1 Sound Shore Drive, 06830 62,000 1985
115 East Putnam Avenue 115 East Putnam Avenue, 06830 37,678 1984
155-167 Mason Street 155 Mason Street, 06830 26,658 1984
Helmsley Ambulatory Surgery Center 55 Holly Hill Lane, 06830 37,148 1983
20 Horseneck Lane 20 Horseneck Lane, 06830 41,000 1982
75 Holly Hill Lane 75 Holly Hill Lane, 06830 105,000 1979
Eight & Nine Greenwich Office Park 8 Greenwich Office Park, 06831 66,170 1979
Data provided by Commercial Edge

Office Spaces for Rent in Connecticut

See trends for nearby markets

The Greenwich office market contains an inventory of 3,859,784 square feet of office space, in 51 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive 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.