On average, listings lease in the $30's per square foot per year. The Norwalk region is seeing a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 12% decrease in rent.
Compared to the rest of the Fairfield market, the Norwalk region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 49 listings have come on the market, so you'll want to check back regularly for new listings. About 4% of the listings in the Norwalk are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,770 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1983 and are Class B.