Brief | Creating Resilience

Flight-to-Quality: Demand Concentrates in Class A Space with a Focus on CBD Submarkets

July 22, 2022

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Fairfield County experienced a gradual shift in leasing over the past ten years, with Class A space—especially located in CBD zones in Stamford and Greenwich—capturing an increasing share of leasing activity. This flight-to-quality has altered the landscape of office inventory in the market, spurring a wave of conversions and redevelopments that has reduced the inventory of older suburban Class B and C space, as well as encouraging a handful of new Class A developments in central locations near transit.