Fairfield/Westchester office market reports

Q4 2022

21.4 %

Availability

21.4% of space is available on a direct basis in Q4 2022, up from 19.4% in Q4 2021.

-0.4%

Occupancy loss

-0.4% in occupancy loss occurred in 2022, equating to -161,000 in net absorption.

$634m

Sales volume

$634m in sales volume transacted in 2022 averaging at $355 psf, a record high for both metrics.

6.6%

Sublease availability

6.6% of space is available on a sublease basis in Q4 2022, up from 5.2% in Q4 2021.

$37.73 psf

Average asking rent

$37.73 psf marks a historical high in average asking rent, up from $37.62 in Q3 2022.

0 sf

Construction

0 sf of construction is underway, down from year-end 2021 with the delivery of 339,000 sf.

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Your source for the latest Fairfield / Westchester office market reports

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

Explore different topics like the latest office market pricing trends and analysis of Fairfield / Westchester's current office real estate market conditions. Gain a better understanding of Fairfield / Westchester’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 / Westchester's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Fairfield / Westchester.

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