Norwich Industrial

Norwich

Office Space Market Report

Number of Listings (last 90 days)
11
Median Rate ($/sqft/yr)
$127
Median Size (sqft)
2,200
As of: July 19, 2017

Norwich Rates

The typical asking rate per listing is in the $120's per square foot per year. The Norwich region is experiencing a a boost in rates. In the last 3 months, the median rate increased $61 per sqft per year. That's a 92% rise in rent.

Norwich Listing Supply

In the last 90 days, 11 listings have been posted online, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 118% of the listings in the Norwich 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,200 sqft. Most properties in this area are approximately 2 floors. Most buildings in this area were built in 1910 and are Class B.

Norwich Community

Market Report

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

Market Data

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