Search
 

CBRE: Leasing Quickens in Fairfield County

STAMFORD, CT—Westchester County ended the first quarter of 2015 with an uptick in its availability rate.

By David Phillips | Updated on April 22, 2015

STAMFORD, CT—In Fairfield County, leasing during the first quarter outpaced that seen over the last quarter of 2014, rising 47% to 887,414 square feet. This was higher than the five-year historical average and is seen as a marker of increased tenant confidence, this according to a report from CBRE’s Westchester and Fairfield County offices.

The largest deal in the county for the quarter was Synchrony Financial’s 312,000 square feet at 777 Long Ridge Road in Stamford. The CBD and non-CBD contributed the largest volume of returns to the overall market. Partly as a result of these returns, there was 232,395 square feet of negative absorption in the county during the quarter, CBRE says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.