Central Norwalk Office Space

Central Norwalk

Office Space Market Report

Number of Listings (last 90 days)
2
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,310
As of: June 26, 2017

Central Norwalk Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central Norwalk region is experiencing a an increase in rates. In the last 3 months, the median rate went up $24 per sqft per year.

Compared to the rest of the Fairfield market, the Central Norwalk submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.

Central Norwalk Listing Supply

In the last 90 days, 2 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 150% of the available space in the Central Norwalk are subleases, so you might be able to find a shorter term or below market rent. 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 3,310 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 2 stories. Most buildings in this market were built in 1978 and are Class B.

Central Norwalk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by car is the most popular way to get to work amongst Central Norwalk residents. Commuting around 30 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 Central Norwalk.
Market Report

Market Data

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