Report | Fairfield Office Insight - Q4 2015
Leasing velocity exploded across Fairfield County in 2015, reaching levels not seen in our market for nine years. As a result, positive absorption reached more than 846,000 square feet, although the overall vacancy rate actually rose to 24.4 percent.
A major sticking point is a lack of large block options that are forcing many companies to stay put through renewals rather than risk testing the market.
Overall, we expect the market to receive even more activity in 2016 with market fundamentals remaining relatively stable.
Learn more about what’s happening—and what we expect to occur in the coming months—in the Fairfield County office market in our Q4 US Office Insight.
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