Fairfield County Retail Market Overview

The Fairfield County Retail Market is comprised of 49,100,000 square feet of inventory. As of the 1st Quarter 2017 the vacancy rate in Fairfield County is 3.9%, 90 basis points lower than the 1st Quarter 2016, and 124 basis points lower than the ten year average. The current availability rate, which includes space being marketed that is still under lease, is 6.3%, an decrease of 80 basis points year over year.  At $34.95 per square foot triple net, the average asking rent is 1.0% higher than the previous year and 24.0% higher than the ten year average.

Source(s): CoStar