On average, listings lease in the $30's per square foot per year. The West Norwalk submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Fairfield market, the West Norwalk region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 9 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. 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 3,500 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 10 floors. Most buildings in this region 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 residents. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.