West Norwalk Office Space

West Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$35
Median Size (sqft)
3,500
As of: June 22, 2017

West Norwalk Rates

The typical asking rate per listing is in the $30's per square foot per year. The West Norwalk submarket is going through a a boost in rates. In the last 3 months, the median rate increased $35 per sqft per year.

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

West Norwalk Listing Supply

In the last 90 days, 9 listings have been made available, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 78% of the available space in the West 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 10 floors. Most buildings in this area were built in 1985 and are Class A.

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 area. Commute by walking is the most popular way to get to work amongst West Norwalk occupants. Commuting approximately 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.
Research