The typical asking rate per listing is in the $30's per square foot per year. The West Norwalk region is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Fairfield market, the West Norwalk region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 9 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 new listings below 2,000 sqft. Most buildings in this area are approximately 10 floors. Most buildings in this market were built in 1985 and are Class A.
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 region. Commute by walking is the most popular way to get to work amongst West Norwalk folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.