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Q2 2022 Fairfield County Office Market Snapshot

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Fairfield County’s office market took a slight step back in its recovery during the second half of the year. Quarterly leasing activity decreased by more than half from the previous quarter to 667,977 SF.

Net absorption experienced the largest negative amount recorded as companies gave back considerable amounts of space. The availability rate increased 30 basis points (bps) from last quarter to 27.3%. The CBDs of Fairfield County continue to be the most desirable, while periphery regions are not seeing demand keep up. As inflation, interest rates, and labor shortages show no signs of letting up, expect delayed repercussions to reverberate through the market. While there may be some hiccups in the short term, the Fairfield County office market continues to benefit from robust demand and desirability.


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Q2 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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