On average, listings lease in the $40's per square foot per year. The South Norwalk region is seeing a a rise in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the Fairfield market, the South Norwalk submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 17 listings have come on the market, which means leases most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the office spaces in the South Norwalk are subleases, so you will probably have to focus your search on direct office leases. 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 3,200 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this market were built in 1987 and are Class B.
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 occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.