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Fairfield County

Apartment
The 39,222-unit Fairfield County apartment market tightened in the first quarter of 2019, but its vacancy rate remains far higher and its rent gains far more modest than anyone might have imagined before the Great Recession. The vacancy rate fell 20 basis points to 6.1%. It is up 60 year-over-year. In the first quarter of 2019 the average asking rent increased 0.3% to $2,158 per month, and the average effective rent rose 0.4% to $2,035 per month. The year-over-year gains are 1.6% and 0.8%, respectively.
Office
Fairfield County's 40.85-million-square-foot general purpose, multi-tenant office market first quarter 2019 vacancy rate is 23.6%, down 30 basis points for the quarter and up 30 year-over-year. In the first quarter the average asking rent fell 0.1% to $35.78 psf, with the average effective rent unchanged at $29.94 psf. Rents are down 0.2% and 0.1%, respectively, year-over-year.
Retail
The 8.9-million-square-foot Fairfield County community-neighborhood shopping center market vacancy rate is 7.2%, up 30 basis points for the first quarter of 2019 and up 180 year-over-year. The average asking rent fell 0.6% in the first quarter to $30.01 psf, with the average effective rent down 0.5% to $27.22 psf.

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

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CBC Blue Book

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The CBC organization is proud to present its’ 2018 Year-End Blue Book!

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CBC Infographics

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Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

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