Newly renovated office buildings in Fairfield County seeing lower availability rates

Overall availability rates, Q1 2020 vs. Q2 2024

 

• Fairfield County buildings renovated prior to 2010 have seen availability increase from 22.5% in Q1 2020 to 25.1% in Q2 2024.

 

• In newly renovated Fairfield County buildings (post-2010), availability has decreased from 29.6% in Q1 2020 to 24.2% in Q2 2024.

 

• Recently renovated buildings are capturing the attention of tenants, putting pressure on landlords to modernize their aging assets.

September 23, 2024

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