If one were looking only at the key commercial real estate metrics in Fairfield, one would not see anything unusual, like the effects of a global pandemic, taking place. Vacancy (5.1%) is at a 5 year high, but still well below the average rate of 6.6% which prevailed for the four years ending in the middle of 2014. Meanwhile, Westport’s vacancy rate is the highest it’s been in almost 15 years.
To compete in today’s business environment, corporate tenants must demand more from their commercial lease. After all, real estate often represents a company’s second greatest expense after personnel costs.
Now more than ever, a commercial lease must be more than just a liability on the balance sheet. It should be nothing less than a flexible, powerful asset, tailor-made for a business.
At Choyce Peterson, we make this goal a reality for corporate tenants nationally, with a local focus on Fairfield and Westchester counties.
Choyce Peterson delivers unique tenant brokerage services, providing corporate tenants with a competitive advantage in the search, negotiation and administration of their real estate needs.
Now more than ever, deep knowledge of a local market is essential to success for building owners, investors and landlords.
Choyce Peterson provides building owners, investors and landlords with a distinct alternative to local branch offices of distant headquartered national chains. The same access to key market data combined with a unique, in-depth knowledge of the area; a firm with roots not branches.