Fairfield office market report

Q4 2023

-527,400

Net Absorption

In 2023, Fairfield County witnessed a negative absorption of -527,000 square feet, including -272,000 square feet in the fourth quarter.

$35.76

Asking Rents

Year-over-year, overall asking rents experienced a 4.7% decline, primarily driven by a 6.2% decrease in Class B rents over the course of the year.

10.7 msf

Available Space

Total available space has decreased by 687,000 square feet compared to 2022. Presently, direct available space stands at 8.2 million square feet, while direct sublet space is at 2.2 million square feet.

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Get in-depth office market reports and insights from commercial real estate experts in the Greater Fairfield area. Avison Young advisors look at Fairfield commercial real estate activities and the latest Fairfield statistics to provide you expert market research on Fairfield's office properties.

Explore different topics like the latest office market pricing trends and analysis of Fairfield's current office real estate market conditions. Gain a better understanding of Fairfield's office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Fairfield's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Fairfield.

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