The typical asking rate per listing is in the $30's per square foot per year. The Norwalk region is experiencing a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 6% decline in rent.
Compared to the rest of the Fairfield market, the Norwalk submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 68 listings have been made available, so you'll want to check back regularly for new listings. 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 2,850 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 3 floors. Most buildings in this market were built in 1983 and are Class B.