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Q1 2022 Fairfield County Office Market Snapshot

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Fairfield County’s office market recovered by leaps and bounds during the first quarter, showing signs that the market may finally have rebounded and hit an inflection point from the COVID-19 disruption.

Quarterly leasing activity set records and surpassed 1,495,000 SF, the largest amount in the last ten years. Despite net absorption being relatively low, when adjusted for a reduction in inventory, demand has pushed occupancy gains to its highest quarterly total in over five years and more than a 20% increase from the previous quarter. This lowered the availability rate 30 basis points (bps) from last quarter to 24.8%. Fairfield County continues to benefit from suburban appeal for companies looking to transition from the city or to open a second office as a hybrid work model becomes the new normal.


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Q1 2022 Fairfield County Office Market Snapshot

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Lars Remole

Research Analyst

Stamford

Responsible for providing research and analytical services for all the brokers in the Fairfield/Westchester County and Long Island markets to ensure appropriate positioning, informed actions, strategic targeting, and smart decision-making.

Collect and analyze market information and economic events.

Produce market publications, research papers, requests for proposals, and ad hoc reports.

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