West Norwalk Retail

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West Norwalk

Office Space Market Report

Number of Listings (last 90 days)
12
Median Rate ($/sqft/yr)
$44
Median Size (sqft)
3,200
As of: December 3, 2016

West Norwalk Rates

On average, listings lease in the $40's per square foot per year. The West Norwalk region is seeing a an increase in rates. In the last 3 months, the median rate went up $9 per sqft per year. That's a 25% rise in rent.

Compared to the rest of the Fairfield market, the West Norwalk submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.

West Norwalk Listing Supply

In the last 90 days, 12 listings have been listed, which means leases most likley are going fast. You'll want to be prepared to make an offer immediately. About 8% of the office spaces in the West 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 10 floors. Most buildings in this market were built in 1985 and are Class B.

West Norwalk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst West Norwalk residents. Commuting approximately 20 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 West Norwalk.
Market Report

Market Data

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