South Norwalk Retail

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,750
As of: June 22, 2017

South Norwalk Rates

Most listings are in the $30's per square foot per year. The South Norwalk region is experiencing a a rise in rates. In the last 3 months, the median rate went up $38 per sqft per year.

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

South Norwalk Listing Supply

In the last 90 days, 9 listings have been posted online, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 256% of the available leases in the South Norwalk are subleases, so you might be able to sign a shorter term by taking over a previous 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 3,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 2 stories. Most buildings in this area were built in 1986 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 market. Commute by walking is the most popular way to get to work amongst South Norwalk folk. 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