Norwalk Retail

Norwalk

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,750
As of: May 20, 2017

Norwalk Rates

The typical asking rate per listing is in the $30's per square foot per year. The Norwalk submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 9% increase in rent.

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

Norwalk Listing Supply

In the last 90 days, 73 listings have come on the market, so you'll want to check back regularly for new listings. About 1% of the office spaces 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,750 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 3 floors. Most buildings in this area were built in 1980 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