CT - Danbury / New Haven County
CT - Fairfield County
DEMOGRAPHICS
MARKET HIGHLIGHTS
DEMOGRAPHICS
MARKET HIGHLIGHTS
Bridgeport-
Bridgeport-
Stamford-
Stamford-
Norwalk, CT
Norwalk, CT
626
626
904,874
•;Forever 21, Dick’s Sporting
Goods, Cheesecake Factory
and Brio have landed at the
Danbury Fair Mall. General
Motors Northeast Regional Sales
Division occupied 26,000 SF of
Class A Office space at The Matrix
Corporate Center. PepsiCo has
also chosen to locate in Danbury,
with 10,665 SF of Class A Office
space.
904,874
•;Significant 2011 leases include:
Largest Industrial - 275k SF, NBC
Sports at The Campus (former
Clairol site); Largest Offices are
230k SF for Bridgewater Assoc
at 20 Westport Rd and GE Asset
Mgmt expanded from Stamford
Sq. w/ 147k into 158k SF at 1600
Summer St.
336,733
$149,604
419,437
•;Area vacancy rates are down
due in part to low supply and an
influx of commuting professionals
now residing in neighboring
Brewster, NY. Key transportation
outlets allow them to commute to
lower Fairfield County, New York
City and Boston, while enjoying a
more affordable lifestyle locally.
336,733
$149,604
•;Fairfield County’s available,
vacant-sublease space
decreased across the board.
Office went from 860k SF to
599k SF, Industrial from 111k SF
to 74k SF and Retail from 50k SF
to 16k SF.
419,437
•;The total new construction
completed was 950k SF; 547k SF
of Office, 148k SF of Industrial
and 254k SF of Retail.
6.0%
CONTACT
Coldwell Banker Commercial
Scalzo Group
•;Construction in the area includes:
$33.8M / 95,000 SF Armed Forces
Reserve Center in Danbury, CT.
Brookfield, CT. Costco (12,000 SF)
is increasing existing building by
15,000 SF and will also construct
a gas station on abutting 1.25
acre pad site. Danbury Regional
Hospice to construct a 30,000 SF
center.
6.9%
•;There is 172M SF of existing
commercial space in Fairfield
County with 67M SF of Office;
58M SF of Industrial and 47M SF
of Retail.
Coldwell Banker Commercial
NRT - CT
2 Stony Hill Rd., Suite 101
Bethel, CT 06801
•;Despite lower mortgage rates,
single family home sales volume
and pricing are down, remaining
approximately 28% and 30%
below the 2005 peak.
(203) 744-7077
www.coldwellbankerscalzo.com
(203) 831-4187
www.cbcworldwide.com
CONTACT
77 Old Ridgefield Road
Wilton, CT 06897
•;Commercial Sales have
increased by 30% over 2010
and Connecticut is the 15th
most popular state for a Fortune
500 corporate headquarter
locations.
OFFICE
RETAIL
OFFICE
RETAIL
Vacancy
Q
Vacancy
Q
Vacancy
Q
Vacancy
Q
Absorption
P
Absorption
P
Absorption
P
Absorption
P
Rental Rates
Q
Rental Rates
Q
Rental Rates
P
Rental Rates
Q
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
N
Vacancy
Q
Vacancy
P
Vacancy
N/A
Absorption
N
Absorption
P
Absorption
Q
Absorption
N/A
Rental Rates
Q
Rental Rates
P
14 Rental Rates
Q
Rental Rates
N/A
