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Article: Financial services sector provides boost to Fairfield County.(Third Quarter Review)(Brief Article)
- Article from:
- Real Estate Weekly
- Article date:
- October 29, 2003
CopyrightCOPYRIGHT 2003 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The diversity of Fairfield County's business community once again proved an asset in the third quarter of 2003, as strength in the financial services industry stimulated a market that otherwise exemplified the sluggishness characteristic of this economic recovery, according to CBRE.
Specifically, the on-going expansion of hedge funds and other financial service companies boosted leasing, produced positive absorption and reduced availability countywide compared to the same period of last year.
The locus of this financial services activity was the western submarket, primarily Greenwich and Norwalk, where the actions of GE Commercial Finance, the Amaranth ...
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