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Fairfield County Market Reports

Fairfield County Office Market

Average Asking Rent (Price/SF) $36.47
Availability Rate (%) 26.4%
Net Absorption (SF) -221,552

Available space in Fairfield County's office market hit a new record high in the third quarter of 2018, with availability rising to 26.4%, 1.3 percentage points higher than in the prior year. This is an equivalent of 500,000 square feet more than what was listed in the third quarter of 2017. With just over 3.0 million square feet of availabilities, the Stamford Non-Central Business District (Non-CBD) continues to carry the bulk of the county's total supply. Availability in this submarket hit 38.6%, the highest on record, at the end of the third quarter. This level was exacerbated at the beginning of this year by the addition of GE Capital's 275,000-square-foot sublease offering at 800 Long Ridge Road.

Fairfield County Office Market Report
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