Fairfield County Office Market Overview

The Fairfield County Office Market is comprised of 67,370,000 square feet of inventory.  As of mid-3rd Quarter 2017 the vacancy rate in Fairfield County is 14.1%, 100 basis points higher than the 3rd Quarter 2016, and 100 basis points higher than the ten year average.  The current availability rate, which includes space being marketed that is still under lease, is 19.6%, an increase of 50 basis points year over year.  At $34.02 per square foot gross, the average asking rent is 3% higher than the previous year and 4% higher than the ten year average.

Source: CoStar