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Q3 2022 Fairfield County Office Market Snapshot

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Fairfield County’s office market gained back some of the ground that it gave up during the second quarter. 

Quarterly leasing activity increased 14.8% from the previous quarter to 766,814 SF. Net absorption rebounded and experienced 1,354,063 SF of positive absorption as a handful of fully occupied, build-to-suit office buildings were delivered and demand in the CBDs continued to chug along. The availability rate decreased 180 basis points (bps) from last quarter to 25.6%. As companies continue to evaluate return-tooffice policies and space needs, expect the average lease sizes in the Fairfield County office market to be reduced and the ongoing flight to quality trend as decision makers coax


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Q3 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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