April 25, 2017
The market for office space is getting stronger in Westchester County and weakening in Fairfield County.
“We saw a tale of two counties during the first quarter,” said Jeffrey Williams, executive managing director for Colliers International Group.
In Westchester County, a surge in the repurposing of obsolete office properties had a positive material impact on the market, with a substantial decline in the availability rate and an upward trend in asking rents.
Fairfield County, however, stumbled out of the gate to start the year, with a softening in asking rental rates and a climb in the availability rate.
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