South Norwalk Retail

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
5
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
2,500
As of: January 19, 2017

South Norwalk Rates

The typical asking rate per listing is in the $20's per square foot per year. The South Norwalk submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $20 per sqft per year. That's a 43% decrease in rent.

Compared to the rest of the Fairfield market, the South Norwalk submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

South Norwalk Listing Supply

In the last 90 days, 5 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,500 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this area were built in 1987 and are Class B.

South Norwalk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst South Norwalk residents. Commuting between 30 and 45 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 South Norwalk.
Market Report

Market Data

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