Fairfield County availability rate showed a
modest increase of 10 basis point (bps)
quarter-over-quarter to 23.7%.
Leasing activity totaled 272,093 sq. ft., down
44% from Q4 2019.
Net absorption was -55,800 sq. ft., up from
the five-year quarterly average of -87,000
The average asking rent remained virtually
unchanged quarter-over-quarter at $34.34
per sq. ft.