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Newmark sees strength in Westchester office market

The office market in Westchester continued gaining strength in the fourth quarter of 2021 and closed the year on a stable footing, according to a new report from the commercial real estate services firm Newmark.

Market hits speed bump

Office leasing activity across Fairfield County slumped in the first quarter, falling nearly 30 percent compared to a year ago, as the county’s vacancy rate increased to 20.5 percent.

Commercial leasing activity declines in 3Q

Commercial leasing activity in Fairfield County continued to decline in the third quarter, with the number of deals and the average transaction size both down significantly compared to the third quarter of 2011.