West Norwalk Office Space

West Norwalk

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 27, 2016

West Norwalk Rates

On average, listings lease in the $30's per square foot per year. The West Norwalk region is seeing a decrease in rates. In the last 3 months, the median rate decreased $10 per sqft per year. That's a 22% decline in rent.

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

West Norwalk Listing Supply

In the last 90 days, 6 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this market are close to 10 stories. Most buildings in this area were built in 1985 and are Class B.

West Norwalk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst West Norwalk occupants. Commuting close to 20 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 West Norwalk.
Market Report

Market Data

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