• The availability rate remained essentially flat quarter over quarter, at 24.6%.
  • Fairfield’s new leasing activity was up 71% quarter over quarter, but 15% below the 5 year quarterly average.
  • Net absorption was positive, at 177,000 sq. ft., for the first time in 2019.
  • Class A space accounted for 69% of all quarterly new leasing in Fairfield County.
  • Average Asking Rents remained essentially flat quarter over quarter.