Norwalk Office Space

Norwalk

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$36
Median Size (sqft)
15,130
As of: June 23, 2017

Norwalk Rates

The typical asking rate per listing is in the $30's per square foot per year. The Norwalk region is experiencing a a rise in rates. In the last 3 months, the median rate increased $36 per sqft per year.

Compared to the rest of the Metropolitan Los Angeles market, the Norwalk region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Norwalk Listing Supply

In the last 90 days, 0 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. About Inf% of the listings in the Norwalk are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 15,130 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are approximately 2 floors. Most buildings in this market were built in 1977 and are Class A.

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 area. Commute by motorcycle is the most popular way to get to work amongst 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 Norwalk.
Market Report

Market Data

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