Fairfield/Westchester office market reports

Q2 2021

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The office market is poised to continue to struggle except for prime submarkets such as Stamford and Greenwich. Office leasing demand is incrementally rising, allowing closed deal volume to increase through the balance of 2021, particularly for transactions below 20,000 sf.

7.3%

Economic Conditions

The unemployment rate in Fairfield County, down from a post-COVID high of 11.6 percent.

47%

Office Demand

Annualized rate of leasing activity decrease since the pandemic compared with the 20-year historical average.

1.2M

Office Supply

Total amount of vacant sublease space (in square feet) on the market in Fairfield County, comprising 13.3% of total vacant space.

$64M

Capital Markets

Total office investment volume (in billions) in Fairfield County the period from Jan 2020 through Jun 2021.

4.6%

Pricing Trends

Net effective rent decrease for Class A relocations in the past 3 months.

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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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