South Norwalk Office Space

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
14
Median Rate ($/sqft/yr)
$46
Median Size (sqft)
2,770
As of: December 3, 2016

South Norwalk Rates

Most listings are in the $40'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 rose $8 per sqft per year. That's a 21% increase in rent.

Compared to the rest of the Fairfield market, the South Norwalk submarket has higher rates, and you'll need to pay a premium to be in this hot region.

South Norwalk Listing Supply

In the last 90 days, 13 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the available space in the South Norwalk are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,250 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1987 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 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 South Norwalk.
Market Report

Market Data

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