South Norwalk Office Space

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,970
As of: August 17, 2017

South Norwalk Rates

The typical asking rate per listing is in the $20's per square foot per year. The South Norwalk submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 24% decline in rent.

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

South Norwalk Listing Supply

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. About 122% of the available space in the South Norwalk 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,970 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are approximately 2 floors. Most buildings in this area were built in 1986 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