Norwalk Retail

Norwalk

Office Space Market Report

Number of Listings (last 90 days)
44
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
2,970
As of: December 6, 2016

Norwalk Rates

The typical asking rate per listing is in the $40's per square foot per year. The Norwalk submarket is going through a a rise in rates. In the last 3 months, the median rate rose $5 per sqft per year. That's a 14% increase in rent.

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

Norwalk Listing Supply

In the last 90 days, 50 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the office spaces in the Norwalk are subleases, so you will probably have to consider a longer term lease. 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 3,200 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this market were built in 1983 and are Class B.

Norwalk Community

Market Report

Trends and status of the commercial real estate market in Norwalk.
Market Report

Market Data

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