Fairfield County Office Market
|Average Asking Rent (Price/SF)||$37.38|
|Availability Rate (%)||27.8%|
|Net Absorption (SF)||48,357|
This past year was a difficult year for the Fairfield County office market as compared with 2021. Leasing velocity closed the year at 2.8 million square feet, a year-over-year decrease of 15.4%. Coinciding with the decline was an increase of 80 basis points in the availability rate, which closed the year at 27.8%. This combination resulted in annual absorption of negative 432,651 square feet.
Download Fairfield County Office Market Report 4Q22 Download Westchester County Office Market Report 4Q22 Download Fairfield County, CT & Lower Hudson Valley, NY Industrial Market Snapshot Year-End 2021 Download CT/Western Massachusetts Industrial Market Snapshot Year-End 2021 Download Fairfield County & Lower Hudson Valley Industrial Report Year-End 2021