Norwalk Industrial

Norwalk

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
6,230
As of: July 22, 2017

Norwalk Rates

The typical asking rate per listing is in the $30's per square foot per year. The Norwalk region is going through a decrease in rates. In the last 3 months, the median rate fell $4 per sqft per year. That's a 9% decrease 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.

Norwalk Listing Supply

In the last 90 days, 73 listings have come on the market, so you'll want to check back regularly for new listings. About 127% of the available leases in the Norwalk are subleases, so you might be able to find a shorter term or below market rent. 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 6,230 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this region were built in 1982 and are Class B.

Norwalk Community

Market Report

Trends and status of the commercial real estate market in Norwalk.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Norwalk.
Research