On average, listings lease in the $30's per square foot per year. The Norwalk submarket is seeing a a rise in rates. In the last 3 months, the median rate rose $36 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Norwalk region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 35 listings have come on the market, which means new listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the available space in the Norwalk are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 15,130 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1977 and are Class A.
Real time and historical data on commercial real estate listings in Norwalk.
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