Norwalk Sublease

Norwalk

Office Space Market Report

Number of Listings (last 90 days)
73
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,750
As of: May 20, 2017

Norwalk Rates

The typical asking rate per listing is in the $30's per square foot per year. The Norwalk submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 9% increase in rent.

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

Norwalk Listing Supply

In the last 90 days, 73 listings have been made available, so you'll want to check back regularly for new listings. About 1% of the available leases in the Norwalk are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,750 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are close to 3 floors. Most buildings in this region were built in 1980 and are Class B.

Norwalk Community

Market Report

Trends and status of the commercial real estate market in Norwalk.
Market Report

Market Data

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