Figures

Fairfield County Office Figures Q4 2024

January 10, 2025 4 Minute Read

‒ Quarterly leasing activity totaled 465,000 sq. ft., down 11% from the previous quarter but 13% above the five-year quarterly average.

‒ Annual leasing activity totaled 1.90 million sq. ft., up 27% year-over-year.

‒ The availability rate remained flat quarter-over-quarter at 25.9% but was down 30 bps from a year ago.

‒ Quarterly net absorption was positive 21,000 sq. ft., which brought full-year absorption to positive 355,000 sq. ft.

‒ The average asking rent was $35.57 per sq. ft., down 2% quarter-over-quarter and up 1% from a year ago.