On average, listings lease in the $30's per square foot per year. The West Norwalk submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $9 per sqft per year. That's a 20% decrease in rent.
Compared to the rest of the Fairfield market, the West Norwalk submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 9 listings have come on the market, which means new availabilities most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 3,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 10 stories. Most buildings in this area were built in 1985 and are Class A.
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 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.