STAMFORD, CT-Data for Q3 2011 from CBRE shows that the office market in Westchester County cooled during the quarter, while in Fairfield County—a larger market—velocity picked up.

Availability in Westchester increased in Q3 by 0.3% from the quarter previous, landing at 18.63%. This fact, along with the 890,169-square-feet of sublease space that the quarter saw, caused a slight decrease in asking rents, which dropped to $26.38 from $26.47.

Colin Reilly, a SVP at CBRE’s Westchester/Fairfield County operation, says that historically there has been more activity in Fairfield, a statement borne out by the data. “It’s a bigger office market, for one,” he tells GlobeSt.com. “Fairfield County is a 44-million-square-foot market, so it’s just bigger. And then you have tenants who tend to act in lock step with equity markets.”