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65 Commercial Real Estate Listings in Norwalk, CA

Norwalk, CA Commercial Real Estate

There are currently 65 commercial listings available in Norwalk, CA. These listings include 15 commercial spaces that encompass a total of 96,468 square feet. Available commercial spaces in Norwalk, CA range in size from 600 square feet to 35,200 square feet. A total of 56 off-market commercial properties located in Norwalk, CA are also available for research.

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Norwalk, CA Economic Overview

Location Photo

Norwalk is part of the Los Angeles County area and is only 17 miles southeast of Downtown Los Angeles. Home to over 109,000 residents, this 9.75 square mile city is bordered by the neighboring cities of Downey, Bellflower, Cerritos, Artesia, and Santa Fe Springs. The commercial real estate market in Norwalk is driven by the city's proximity to Los Angeles, and its access to the integrated transportation systems of the County.

Transportation plays a key role in the economy of Norwalk. The city sits at the heart of an expanding regional transportation network providing service to both residents and business throughout Los Angeles and Orange County.

As part of Los Angeles County, Norwalk benefits from the huge consumer market with 10 million people, the County conducts more than $400 billion in annual two-way trade, and the city has easy access to the Ports of Long Beach and Los Angeles, and Los Angeles International Airport, the country's third-most active international cargo airport.

With a median household income of nearly $60,000 and a growing job base of nearly 47,000 employees, the economy in Norwalk continues to be strong. Income growth in Norwalk is consistent, as industry is attracted by rapid development, with growth outpacing many of the other cities in the state.

Norwalk, CA Commercial Inventory Breakdown

In 2022 the Norwalk, CA commercial real estate market totaled 680,216 square feet of office spaces, 1,846,891 square feet of office spaces with retail, and 2,257,410 square feet of industrial space.

Office Spaces

Total: 680,216 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
100k to 500k SqFt 680,216 SqFt 100% of total office
By class:
Class B 680,216 SqFt 100% of total office

Industrial

Total: 2,257,410 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 509,966 SqFt 22.59% of total industrial
100k to 500k SqFt 1,747,444 SqFt 77.41% of total industrial
By class:
Class A 392,062 SqFt 17.37% of total industrial
Class B 1,865,348 SqFt 82.63% of total industrial
There are 1,747,444 square feet of commercial real estate properties between 100k to 500k square feet, representing 77.41% of the Norwalk, CA industrial inventory.

Office Spaces with Retail

Total: 1,846,891 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 696,897 SqFt 37.73% of total office with retail
100k to 500k SqFt 1,149,994 SqFt 62.27% of total office with retail

Norwalk, CA Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Norwalk, CA Office 1 1,738
Norwalk, CA Retail 6 59,530
Norwalk, CA Industrial 2 35,200
Norwalk, CA Other 9 96,468
Ofice Icon

1

Office

Industrial Icon

2

Industrial

Retail Icon

6

Retail

Current local active listing encompass 192,936 square feet of commercial space for lease in Norwalk. There are 1 active office listings, which amount to 1,738 square feet and account for 5% of commercial spaces on the market. Local retail availability includes 59,530 square feet across 6 listings. Current industrial offerings on the market amount to 35,200 square feet across a total of 2.

Employment in Norwalk, CA

Employed Population 49,250

Employed population - Industry % Distribution

Management, business, science, and arts occupations

30%

Sales and office occupations

28%

Service occupations

17%

Production, transportation, and material moving occupations

17%

Natural resources, construction, and maintenance occupations

8%

In 2020, roughly 30% of a total of 49,250 employed in Norwalk worked in Management, business, science, and arts occupations, followed by 28% in Sales and office occupations and 17% in Service occupations.

Income per capita $24,559  Median household income $80,513

Household income

27%

Under $50k

37%

$50k - $100k

31%

$100k - $200k

4%

Over $200k

The median household income in Norwalk stands at $80,513, with per capita income at $24,559. Households earning between $50k and $100k represent 37% of the total, while those earning over $200k make up 4%. Approximately 27% of Norwalk households earn less than $50k per year.

Commuting in Norwalk, CA

Mean travel time to work 32 minutes

Means of transportation to work

82.10%

Driving alone

10.10%

Carpool

2.10%

Public transit

0.30%

Bicycle

1.90%

Walking

1.60%

Other

1.80%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Norwalk in 2020 was 32 minutes. Around 82.10% of workers commute by Driving alone, 10.10% Carpool and 2.10% by Public transit.

Education in Norwalk, CA

High school grad or higher 78%

Bachelor's degree or higher 22%

Population by minimum level of education

22%

No degree

29%

High school

28%

Some College

18%

Bachelor's

4%

Post-grad

*Universe: Workers 25 and over

An estimated 78% of Norwalk residents aged 25 or over hold a high school degree or higher. Of those, 29% are high school graduates, 28% attended some college, 18% earned a bachelor's degree, with an additional 4% holding post-graduate degrees.

Norwalk, CA Demographics

As of 2020, Norwalk had a total population of 103,946, with a median age of 35.40 years. Roughly 67.00% of the total population was between the ages of 16 and 64 years old.