Most listings are in the $30's per square foot per year. The Norwalk submarket is seeing a decline in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Fairfield market, the Norwalk submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 518 listings have been listed, so you'll want to check back regularly for new listings. About 20% of the available space in the Norwalk are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,550 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1980 and are Class B.
Real time and historical data on commercial real estate listings in Norwalk.
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