2022 Office Space Rent & Sales
- $28.88 2022 Avg. Asking Rent
- 12.23% 2022 Office Vacancy Rate
Norwalk office price per square foot in 2022 was $28.88 on average. The local office market recorded an average vacancy rate of 12.23% across all asset classes combined.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Norwalk Class B Office Space$28.88
- Connecticut Class A & A+ Office Space$31.42
- Connecticut Class B Office Space$24.13
- Connecticut Class C Office Space$16.59
Norwalk, CT Office Asking Rents by Class
Coworking Spaces in Connecticut
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2022 Office Construction in Norwalk, CT
Office building | Address | SF | Completed |
---|---|---|---|
30 Belden Ave | 30 Belden Ave, 06850 | 13,766 | 2007 |
Merritt 7 Corporate Park | 501 Merritt 7, 06854 | 225,000 | 1989 |
Matrix Corporate Center at Norwalk | 535 Connecticut Avenue, 06854 | 179,000 | 1988 |
Merritt 7 Corporate Park | 401 Merritt 7, 06854 | 248,172 | 1987 |
535 Connecticut Avenue | 535 Connecticut Avenue, 06854 | 166,608 | 1987 |
Riverside Plaza | 149 Water Street, 06854 | 43,558 | 1987 |
Merritt 7 Corporate Park - Building 401 | 401 Merritt 7, 06851 | 245,000 | 1986 |
Merritt View | 383 Main Avenue, 06851 | 262,501 | 1985 |
40 Richards Avenue | 40 Richards Avenue, 06854 | 147,722 | 1985 |
200 Connecticut Avenue | 200 Connecticut Avenue, 06854 | 128,351 | 1985 |
Worth noting among recent office completions on the Norwalk market is 30 Belden Ave, which is currently the largest new office development in the city, at 13,766 square feet.
See reports for other markets
- Stamford Office Rent Price
- Hartford Office Rent Price
- Danbury Office Rent Price
- Greenwich Office Rent Price
- New Haven Office Rent Price
- Farmington Office Rent Price
- Westport Office Rent Price
- Charlotte Office Rent Price
- Chicago Office Rent Price
- Washington Office Rent Price
- Los Angeles Office Rent Price
- Houston Office Rent Price
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- Atlanta Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Norwalk commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.