West Norwalk Office Space

West Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
6,970
As of: August 20, 2017

West Norwalk Rates

Most listings are in the $40's per square foot per year. The West Norwalk submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $9 per sqft per year. That's a 25% rise 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.

West Norwalk Listing Supply

In the last 90 days, 9 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to make an offer immediately. About 178% 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 posted, so finding a space for a small business might be tough.

Even though the median size is 6,970 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 10 stories. Most buildings in this market 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 region. Commute by walking is the most popular way to get to work amongst West Norwalk residents. Commuting around 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