Business Relocation in Greenwich CT
Business Relocation in Greenwich CT
National, regional and global business entities have long been part of the Greenwich business landscape. Before deciding whether Greenwich is the place to be for your business some factors are usually analyzed. Such typical things are presented below:
Greenwich's Business Environment
Greenwich offers a substantial large mercantile and moderate corporate
business environment set within a stylish ambiance, low crime location and
an address identified with success and prestige. Of its corporate residents
most are in the financial services arena, with a predominance of Hedge
funds. Business runs on New England practicality and global ingenuity with
the drive and pulse of New York.
Its proximity not only to New York but to the neighboring Connecticut
community of Stamford to the east where the population of nearly 120,000 is
twice the size of Greenwich--adds to Greenwich’s inducement as a labor
source and marketing arena. In terms of resources, marketing demographics,
access to global transportation and many other considerations, Greenwich is
nonpareil in Connecticut and maybe anywhere in the U.S.
The foundation of Greenwich, Connecticut’s work environment is its
workforce, considered one of the best educated in the U.S. and ranked at a
productivity level more than 30% higher than the national average. At the
base of the New England commercial corridor and Greenwich’s strategic
position on the New York border offer proven competitive advantages and
ready access to markets, financial centers and institutions of higher
learning in addition to suppliers and business partners.
The number of employed people in Greenwich represents more than half of the
population of 61,000. More than half of this working population is
classified in predominant areas of finance, insurance, real estate, the
sciences, education, health and social services. In general about a third
of the employed live in Greenwich, while the rest mainly commute from
Stamford, Norwalk and nearby Rye, NY. From Greenwich, just over 5,000
commute to Manhattan and another 3,500 to Stamford.
Greenwich and Regional Office Space
Greenwich's total commercial office inventory totals slightly more than 4 million square feet located in various sized buildings. The rental rate in Greenwich, which is among the highest in the state, runs on average from $25.00 PSF to $80.00 PSF, gross to triple net.
Greenwich Retail Space
Greenwich
The main retail activity in Greenwich is concentrated on Greenwich Avenue,
Putnam Avenue or the Post Road, spilling into the Lewis and Havemeyer side
street. Open space is quickly gobbled up by vendors who want the exclusive
address and the large volume and the large volume of shopping traffic that
pervades the area. Rents run from an absolute bottom of $60 a square foot to
as much as $120 a square foot. The outlying neighborhoods Cos Cob, Riverside
and Old Greenwich offer retail shopping locations of their own with little
or no turnover in tenants. Rents here typically lower.
Search for Space
If you have a need for prime headquarters space, general office space,
retail space, or investment real estate Edward Mortimer will work with his
commercial real estate affiliates to satisfy your business space
requirements. If you are interested in locating the best possible office or
retail space or want to purchase a commercial property, please contact
Edward Mortimer at 203.496.4571 or fill-out the email search request below.
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