Greenwich is the largest city in Connecticut that is also a town and is part of the New York Metropolitan Area. Located on Connecticut’s Gold Coast, Greenwich is only 45 minutes from Manhattan’s Grand Central Terminal via Metro North Rail Road, and office space tenants include numerous hedge funds and financial services firms.
Renting office space in Greenwich gives businesses the opportunity to work alongside companies such as AQR Capital, W. R. Berkley, Silver Point Capital, Cambridge Solutions, and Blue Sky Studios, which all have local offices or headquarters.
Greenwich Office Space | Lease Data and Trends
Greenwich has about 4.4 million square feet of office space, 18% of which is currently available for tenants to rent. Across all building classes, office space seekers can expect to find asking rents of about $55 per square foot. Most of Greenwich’s office space (about 3.5 million square feet) is Class A, which on average leases for around $57 per square foot. The city does have some Class B office space which rents for approximately $49 per square foot. Rent prices vary by a variety of factors, including location, building quality (age, location, amenities, and class), and type of lease and lease length.
What Our Brokers Say About Greenwich Office Space for Rent
Westchester County, NY, borders Greenwich to the north and west; Stamford borders it to the east; and the Long Island Sound and the Village of Bayville border it to the south. Greenwich also has several islands, including Calf Island, Great Captain Island, and Island Beach.
Greenwich’s Chamber of Commerce contributes to the success of the city’s 4,000 businesses by both building quality of life for Greenwich residents and supporting the interests of the business community. Blyth, Inc.; First Reserve Corporation, Interactive Brokers, Nestle Waters North America, and North Street Capital all have offices in this area.
In Greenwich, “there’s as much to do, see, and eat as there is on Fifth Avenue—minus the hordes of tourist, honking taxis, and street peddlers,” Adeline Duff writes for Travel + Leisure. For starters, Greenwich has no shortage of excellent restaurants for business lunches and meetings. Visit Mediterraneo, Elm Street Oyster House, Meli-Melo, L’escale, Blackstones Steakhouse, or The Ginger Man. If you need a place for a visiting business partner or client to stay, look up the Delamar Greenwich Harbor Hotel, the Hyatt Regency, or the JHouse.
Those who enjoy outdoor activities will discover lots of recreational opportunities in Greenwich. For example, Long Island Sound features four beaches, and residents can enjoy picnic areas and the marina. There is also a community sailing center, the Griffith E. Harris golf course, and a number of country clubs.
Greenwich has plenty of tourist attractions and activities in general that would make great locations for family outings. For example, the Bruce Museum, which was recently renovated, is like a scaled down Museum of Natural History. Visitors get to see animals, historic artifacts, and unique artwork. The Greenwich Audubon Center is an excellent nature immersion opportunity. Visitors can check out daily programs and explore 300 acres of wetlands, meadows and forest. Greenwich offers plenty of places to shop, especially consignment shops; for example, Consigned Designs is a popular vintage shop in town.
Popular Neighborhoods to Rent Greenwich Office Space
Though Greenwich is a single political and taxing body, it includes many different districts or neighborhoods. Some of these neighborhoods are Banksville, Byram, Cos Cob, Glenville, Mianus, Old Greenwich, Riverside, and Downtown Greenwich. Greenwich, a beautiful suburban area, is located within easy commuting distance of New York City and houses many corporate headquarters of its own. The midcountry and backcountry areas of Greenville comprise huge open spaces, rivers, lakes, ponds, woods, and meadows. Work here and enjoy the big-business city as well as the calming countryside.
Getting to, From, and Around Greenwich, CT
Greenwich residents have lots of easily accessible transportation to get to work, travel around Greenwich, or sojourn to the nearby New York City area. Greenwich locals can use the Metro-North Railroad’s New Haven Line to get around; the four stations in the area are Greenwich, Cos Cob, Riverside, and Old Greenwich. The express train takes an hour or less to get to the Grand Central Terminal in Manhattan. To get to Stamford, people can ride the Amtrak Acela, Northeast Regional, or Vermonter trains. Greenwich also has bus services, which provide an additional layer of mobility and transport optionality.
Traveling by car is also common. The city has lots of main highways that make carpooling easy. Interstate 95, the Boston Post Road, Merritt Parkway, and Interstate 684 all run through Greenwich. US Route 1 in Greenwich is also called the Post Road, Boston Post Road, West Putnam Avenue, and East Putnam Avenue. Parking doesn’t have to be a headache, either. To see a parking lot map of Greenwich, click here.
Air travel is very accessible in Greenwich. In fact, Westchester County Airport is only about fifteen minutes away. LaGuardia Airport, John F. Kennedy International Airport, and Newark Liberty International Airport are within driving distance but very dependent on traffic conditions. With so many nearby airports to choose from, Greenwich locals are sure to find excellent prices and convenient departure times.
Greenwich is very walkable, meaning people can complete most of their errands on foot if they want to. Also relevant is Greenwich’s remarkable level of safety. Its crime rate is significantly below the national average. That means people can explore the town on foot relatively worry free.
Greenwich, CT History
Greenwich changed the most throughout the years when it gained additional transportation or new types of transportation. It began as mostly unsettled rural area and became an upscale escape for affluent New York City commuters.
In 1614, Adriaen Block, a Dutch explorer, first saw Greenwich Point, which is a park and beach in Old Greenwich. The first settlers arrived in Greenwich as early as 1640. Massachusetts Bay Colony founder John Winthrop’s daughter-in-law Elizabeth Fones Winthrop was actually one of the first residents. The Winthrops originally purchased the Old Greenwich area, and Greenwich Point used to be called “Elizabeth’s Neck.” The General Assembly in Hartford named Greenwich a city on May 11, 1665. Unfortunately, the Revolutionary War both drove apart Greenwich’s residents and resulted in a lot of it getting burned down.
One of the most significant years in Greenwich history was 1848. Before that year, it used to take an entire day for travelers to get from Greenwich to New York City. However, once the New York, New York Haven and Hartford Railroad began servicing Greenwich and other areas, people could get to NYC in just an hour, which made a huge difference. At that point, rich New Yorkers began moving to Greenwich and building homes and mansions. The town started out as a primarily rural farming area and became an affluent suburban community. A lot of people who worked in New York City wanted to live in Greenwich.
In the 1950s, the addition of even more transportation options created even more opportunities for Greenwich. When I-95 was constructed, developers began adding more and more office buildings, and Greenwich became a common place for big corporations to establish their headquarters. Today, sometimes Greenwich is even called “Wall Street East” because of its many hedge funds.