| 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.
