The availability rate is tightening in Connecticut's Fairfield County, and office rents there and in Westchester, NY are seeing modest growth while in the Brooklyn section of New York City, developers have been invited to pick up a 99-year ground lease in Gowanus and, in Flatbush, a notable loan has been secured to fund a transitional housing project. It looks like the Northeast is gearing up for a healthy Q4.
By the Numbers
FAIRFIELD COUNTY, CT and WESTCHESTER COUNTY, NY—Improved availability rates and the deceleration of office space returning to the markets here during the past three months are positive signs toward improvement, according to Colliers International Group's report on third quarter activity in the area.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
