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Fairfield County Market Reports

Fairfield County Office Market

Average Asking Rent (Price/SF) $35.69
Availability Rate (%) 27.0%
Net Absorption (SF)   -99,403

Total leasing volumes in the Fairfield County office market showed an improvement in the third quarter of 2019, compared with the lower levels seen over the past year. A total of 675,000 square feet of total leasing activity was recorded this quarter, up 13.7% from the third quarter of 2018 and up 7.1% from the previous quarter. Year to date, leasing activity reached nearly 2.2 million square feet, an increase of 4.4% from the same period last year. Although year-to-date levels remained below the historical average of 2.6 million square feet, the prospects look positive, as there are still a few large requirements that, if signed by year-end, could further enhance the leasing totals.

Fairfield County Office Market Report
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