(203) 226-7101

Commercial Office Activity Report

  Office Lease Deals

All Classes

SF Office Leased

All Classes

Q1- Q3 2017 2016 2017 2016
Westport 34 43 70,673 131,987
Norwalk 59 57 280,773 369,617
Fairfield 15 16 23,159 24,444
Stamford 94 121 912,979 829,941
Bridgeport 9 17 14,986 48,223
Greenwich 52 41 214,284 211,687
Trumbull 6 7 12,712 14,614
Shelton 26 28 80,700 152,413
Darien 8 12 11,863 43,832
New Canaan 7 13 64,174 18,155
Wilton 21 17 127,772 77,767
Overall 331 372 1,814,000 1,923,000
         
Percentage Change -11.0%   -5.7%  

Commercial Office Activity Report – Lower Fairfield County, Connecticut – By David P. Fugitt, SIOROverall office leasing activity in the eleven Towns we track in the first three quarters between 2016 and 2017 showed a significant decrease in total deals as well as a drop in square footage leased while asking lease rates show a modest increase. Furthermore the overall vacancy rate for all classes of vacant and available re-let office space increased from 12.6% in 2016 to 14.1% in 2017. These transaction numbers and vacancy statistics are from an inventory of 2,148 properties.

Vidal/Wettenstein is a commercial real estate services firm headquartered in Fairfield County, Connecticut. Founded in 1968, Vidal/Wettenstein has been focused on the Fairfield County and New Haven County markets relating to leasing and sales of office, industrial, retail and investment property.

For additional information please contact David Fugitt SIOR (203) 226-7101 (ext. 5) or email david@vidalwettenstein.com.