On average, listings lease in the $30's per square foot per year. The Norwalk submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $36 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Norwalk submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 35 listings have been posted online, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Norwalk are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 listings below 2,000 sqft. Most buildings in this market are around 2 stories. Most buildings in this market were built in 1977 and are Class A.
Real time and historical data on commercial real estate listings in Norwalk.
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