South Norwalk Industrial

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,360
As of: May 20, 2017

South Norwalk Rates

On average, listings lease in the $30's per square foot per year. The South Norwalk region is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decrease in rent.

Compared to the rest of the Fairfield market, the South Norwalk submarket has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

South Norwalk Listing Supply

In the last 90 days, 9 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,360 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this area were built in 1986 and are Class B.

South Norwalk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Norwalk residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

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