Fairfield County Office Market Overview

As of the 2nd Quarter 2016, the vacancy rate within the 66,800,000 square foot Fairfield County Office Market is 13.3%.  The vacancy rate is 210 basis points lower than the previous year, and 101 basis points higher than the 10-year average.  At $32.90 per square foot gross, the average asking rent is 2% higher than the previous year, and 2% higher than the 10-year average.

 

                                         vacancy-image

 

 

 

 

 

 

 

 

 

Source(s): CoStar