Commercial Real Estate Market in Greenwich, CT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
85 active listings and 1,061 off-market properties in Greenwich, CT. Commercial property asks $1,061/SF to buy and $29.80/SF/Yr to lease.
Market Trends
Greenwich, CT spans 41.1 square miles in Fairfield County, Connecticut. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Greenwich, CT asks $187/SF to buy. Vacancy runs 19.9% across the Northeast region in 2025, up from 13.1% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Retail
Retail space in Greenwich, CT asks $189/SF to buy. Vacancy runs 6% across the Northeast region in 2025, little changed from 6% in 2019. Down from a 2020 peak of 7.1%.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Industrial
Industrial vacancy in Greenwich, CT runs 7.6% across the Northeast region in 2025, up from 5.4% in 2019. Nearly 2.4x the 2021 low of 3.2%.
Vacancy Rate % in Northeast region
Multifamily
Multifamily space in Greenwich, CT asks $229/SF to buy. Vacancy runs 5.6% across the Northeast region in 2025, up from 4% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Northeast region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 97%
- Commercial 2.9%
- Civic 0%
- Open space 0%
- Industrial 0%
- Mixed use 0%
Largest Zones share of zoned land by district
Single Family
Single Family
Single Family
Single Family Residence
Single Family Residence
Greenwich, CT zones 31,173 acres across 50 districts. Commercial zoning covers 2.9% of zoned land, residential 97%, open space 0% and industrial 0%. The largest single district is Single Family at 34.2%. For commercial buyers the practical constraint is that only 2.9% of land carries a commercial or industrial designation.
Single Family (RA-2)
RA-2, RA-1, R-20 and R-12 Zones) of the Town’s Building Zone Regulations to permit the conversion of an existing, vacant Nursing Home into multifamily housing subject to summary review as defined in CT General Statutes Section 8-2r, pursuant to Section 6-22 of the Town’s Building Zone Regulations and Section 8-3 of the CT General Statutes, was approved by th…
Market overview
Demographics & Economy
Greenwich, CT has 40,297 residents in 17,004 households. Density runs 981 people per square mile. Median household income here is $174,075 and median gross rent $2,752 a month.
40,297
Population
17,004
Households
2.4
Avg Household Size
45
Median Age
69%
College-Educated
95%
High-School Grad
41.1 sq mi
ZIP Area
981
Density / Sq Mi
$174,075
Median Household Income
$72,248
Median Earnings
$2,752
Median Rent
$1,609,159
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cos Cob | — | — |
| Riverside | — | — |
| Old Greenwich | — | — |
| Stamford | — | $29.85 |
Commercial property in Greenwich, CT asks $1,061/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenwich?
Commercial property in Greenwich, CT asks an average of $1,061 per square foot. The 5 most recent recorded sales traded at a median of $625/SF, so asking sits 70% above the achieved median. Multifamily carries the highest asking price at $229/SF.
How much does it cost to lease commercial space in Greenwich?
Asking lease rates in Greenwich, CT average $29.80 per square foot per year.
What zoning applies to commercial property in Greenwich?
Greenwich, CT zones 31,173 acres across 50 districts, of which 2.9% is commercial and 0% industrial. The largest single district is Single Family at 34.2% of zoned land. Residential zoning covers 97% and open space 0%.
Where does Realmo's Greenwich market data come from?
Realmo compiles Greenwich, CT figures from 6 recent recorded sales, 26 active sale listings, 59 active lease listings, 1,061 tracked off-market properties, the current Greenwich zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 59 active for-lease listings in Greenwich, CT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 31,173 zoned acres across 50 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Northeast region level, retail vacancy is reported at Northeast region level and industrial vacancy is reported at Northeast region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
