Figures
Fairfield County Office Figures Q2 2025
July 10, 2025 5 Minute Read
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- Quarterly leasing activity totaled 402,000 sq. ft., down 7% from the previous quarter and the five-year quarterly average.
- Renewal activity amounted to 227,000 sq. ft., down 6% quarter-over-quarter.
- The availability rate was 25.0%, down 40 bps (basis points) quarter-over-quarter and 120 bps from a year ago.
- Quarterly net absorption was positive 130,000 sq. ft., bringing year-to-date absorption to positive 644,000 sq. ft.
- The average asking rent was $35.69 per sq. ft., down 1% quarter-over-quarter and up 1% from a year ago.