South Norwalk Industrial

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
5,000
As of: June 26, 2017

South Norwalk Rates

On average, listings lease in the $30's per square foot per year. The South Norwalk region is experiencing a a boost in rates. In the last 3 months, the median rate went up $38 per sqft per year.

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 been made available, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 244% of the available leases in the South Norwalk are subleases, so you might be able to snag a great spot on a short term. 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 3,750 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this market 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 market. Commute by walking is the most popular way to get to work amongst South Norwalk folk. 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