Fairfield County Flex/Industrial Market Overview

The Fairfield County Flex/Industrial Market is comprised of 60,880,000 square feet of inventory.  As of the 2nd Quarter 2017 the vacancy rate in Fairfield County is 9.4%, 120 basis points lower than the 2nd Quarter 2016, and 364 basis points lower than the ten year average.  The current availability rate, which includes space being marketed that is still under lease, is 14.2%, a decrease of 160 basis points year over year.  At $9.12 per square foot triple net, the average asking rent is 8.4% higher than the previous year and 18.1% higher than the ten year average.

 Source(s): CoStar