Norwalk Industrial

Norwalk

Office Space Market Report

Number of Listings (last 90 days)
66
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,000
As of: September 25, 2016

Norwalk Rates

Most listings are in the $30's per square foot per year. The Norwalk region is going through a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decline in rent.

Compared to the rest of the Fairfield market, the Norwalk submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Norwalk Listing Supply

In the last 90 days, 66 listings have been made available, so you'll want to check back regularly for new listings. About 5% 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 available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this area were built in 1983 and are Class B.

Norwalk Community