Norwalk, CT
Commercial Real Estate Market Trends & Data

$346 Avg asking sale price
$70 Avg asking lease rate
14,355 SF Avg unit lease size
6,499 SF Avg building size for sale
7.33% Average cap rate

Norwalk's Demographic Profile

Norwalk has 35,318 households and a median income of $93,304, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 89,190
# Households 35,318
Median age 41
Median household income $93,304
Avg household size 2.0
Renter-occupied housing units 15,949
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Norwalk, CT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Norwalk $316 6,650 SF 9.14%
Darien $1,005 4,268 SF 5.95%
Westport $376 7,985 SF 7.50%
New Canaan $521 13,702 SF 5.23%
Nearby Retail Markets Avg Cost/SF Typical Size
Norwalk $362 5,540 SF
Darien $402 3,790 SF
Westport $574 8,287 SF
New Canaan $510 21,756 SF
Stamford $585 5,048 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Norwalk $434 3,509 SF 5.95%
Stamford $351 7,389 SF 6.57%
Fairfield $183 14,462 SF 7.41%
Greenwich $878 3,949 SF 5.30%

Commercial Properties For Sale in Norwalk

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

122 S Main St

Norwalk, CT 06854

  • 4,554 SF Multifamily
  • 4.90% Cap Rate
  • $2,000,000
For Sale

The Healthy Child

Darien, CT 06820

  • 19,761 SF Multifamily
  • 5.95% Cap Rate
  • $2,950,000
For Sale

275 East Ave

Norwalk, CT 06855

  • 7,376 SF Office Building
  • $1,799,000
For Sale

40 Osborne Ave

Norwalk, CT 06855

  • 5,160 SF Industrial Building
  • 7.08% Cap Rate
  • $1,950,000
For Sale

49 Wall St

Norwalk, CT 06850

  • 4,581 SF Retail Building
  • $949,000
For Sale

602 West Ave

Norwalk, CT 06850

  • 6,270 SF Retail Building
  • $2,400,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Norwalk pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Norwalk $346 6,499 SF
Darien $368 4,937 SF
Westport $502 7,798 SF
New Canaan $734 20,021 SF
Stamford $426 9,297 SF

Multifamily Properties For Sale in Norwalk

For Sale

83 Washington St

Norwalk, CT 06854

  • 12,400 SF Multifamily
  • $550,000

Regional Demographic Comparison

This comparison places Norwalk alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Norwalk or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Norwalk 89,190 35,318 41 $93,304 2 15,949 -1%
Darien 22,939 7,233 40 $247,918 3 1,107 2%
Westport 28,106 10,029 46 $220,622 3 1,678 1%
New Canaan 21,587 7,224 43 $217,898 3 1,530 1%
Stamford 138,673 55,109 39 $104,698 2 30,042 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Norwalk, CT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Norwalk

View All Commercial Real Estate For Sale in Norwalk
Is Norwalk a good market for a first-time commercial real estate investor?

Norwalk offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Norwalk?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Norwalk. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Norwalk?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Norwalk. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Norwalk compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Norwalk. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Norwalk acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Norwalk, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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