Most listings are in the $40's per square foot per year. The West Norwalk submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 25% rise in rent.
Compared to the rest of the Fairfield market, the West Norwalk submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 42 listings have come on the market, so you'll want to check back regularly for new listings. About 38% of the available space in the West Norwalk are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,970 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 10 floors. Most buildings in this market were built in 1985 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst West Norwalk folk. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in West Norwalk.
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