Fairfield County – While retail sales grow, investment sales in key asset classes are projected to reach their lowest levels since 2011
Historical sales volume by asset type
- After two very strong years in 2021 and 2022, investment sale figures have returned to more moderate levels in 2023.
- The decrease in investment can be attributed to the increased cost of capital and current federal monetary policies.
- Multi-family and office sectors are expected to experience significant declines year-over-year, with projections indicating an 87.5% and 84.9% decrease, respectively.
- However, the retail sector has shown continued growth, building on its strong performance in 2022. This can be attributed to institutional capital seeking alternatives to residential and office assets, as well as the robust retail leasing activity in Fairfield County.
August 2, 2023
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US-CT-FLDWCH Fairfield / Westchester