Choyce Peterson

2021 MID-YEAR LOWER FAIRFIELD COUNTY OFFICE SPACE AVAILABILITY POSTER


The 23rd Edition of the full size poster depicts silhouettes of 96 buildings with a total inventory of 18.2 million square feet and tracks changes in office space availability from Year-End 2020 to Mid-Year 2021 in larger, primarily multi-tenanted Class A office buildings in Stamford, Norwalk, Greenwich, and Westport. The unique study illustrates the absorption and give back of direct and sublease space, as well as overall availability statistics.

The local commercial real estate market was negatively impacted in 2020 by COVID-19 and this trend continued in the first half of 2021. This report shows a 1.9 percentage point increase in total availability, from 29.8% at Year-End 2020 to 31.7% at Mid-Year 2021.


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