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“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.”
ONS, which also operates offices in Stamford and Harrison, now covers 34,000 square feet in two buildings at the Greenwich Office Park.
Tom Pajolek, executive vice president at CBRE’s Stamford office, predicted that the regional market will close the year with a flurry of new leasing activity.
"The property is currently 99 percent leased, and we expect that the new ownership will build on this solid base of high occupancy and quality management," said CBRE's Jeffrey Dunne.
Caruso discusses the commercial real estate market in Fairfield County, both on its own terms and in comparison with Westchester.
Joseph Weaver of CBRE said the nonprofit needed a space "supported by redundant power systems to ensure 24/7 uptime for mission-critical kidney shipping and logistics control systems."
The 143-unit property includes two ground-floor commercial units, a newly renovated rooftop deck and lobby, and a resident game room.
“I feel the market is better than the statistics show,” said Cory R. Gubner, president and CEO at RHYS. “I am very bullish."
"Corporations want to be near transportation, which contributes to demand for apartment housing that their workforce wants to be in," said Building and Land Technology COO Ted Ferrarone.