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Fairfield County Market Reports

Fairfield County Office Market

Average Asking Rent (Price/SF) $37.96
Availability Rate (%) 26.4%
Net Absorption (SF) 230,945

Fairfield County's office market took a breather in the third quarter of 2017, with positive net absorption and a downward turn in availability that resulted from improved tenant demand coupled with fewer space returns. After six consecutive periods of flat-to-negative absorption, the county ended the third quarter with 230,945 square feet of occupancy gains. Although supply levels remained historically high, availability also changed course this quarter with a slight, 50-basis-point drop to 26.4% after peaking in the prior quarter. As availability dropped, so did the county's weighted average asking rent, from $38.13/SF last quarter to $37.96/SF, a 0.4% decrease resulting from large, high-priced blocks of space coming offline in Greenwich and Stamford.

Fairfield County Office Market Report
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