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Two newly released reports on the Westchester office market put activity in a positive light.
The Greenwich and Stamford CBD zones, which accounted for 73.7 percent of the first quarter’s leasing activity
Rising residential demand — and a declining interest in Class B and C office buildings — is continuing to fuel a wave of adaptive repurposing and reuse in Fairfield County.
FASNY would keep the 28-acre portion of the property designated for the school and playing fields and also the 51-acre section of the property where a nature conservancy would be maintained.
TEI has now acquired over 1 million square feet of commercial space, 176 apartments and 8.5 acres of vacant land in Bridgeport within a six-month period.
The property includes a 3,800-square-foot office space and five apartments.
La Taqueria is taking over a space previously occupied by the apparel consignment shop 2nd Time Around.
About 1.2 million square feet of vacant space could be removed from the market if a proposal to turn the former IBM campus in Somers into a STEM-focused private high school is finalized.
Tim Rorick at NKF noted an increased demand by smaller tenants for "boutiquey office buildings" Norwalks' SoNo neighborhood.
Current tenants at the property include JP Morgan, AXA, Alinda Capital and Strategic Value Partners.
“The job creation that is going on will directly affect occupancy rates in Fairfield County, particularly in the office space,” says Sean Cahill, principal and managing director of Avison Young’s Fairfield/Westchester office.
Bridgeport Innovation Center provides offices, lofts, warehouse and storage space to its more than 160 tenants.
CBRE's Brandon Famous said most retailers "have gotten smarter and more efficient with their omnichannel strategies and their programs for attracting and retaining customers.”