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Article: Danbury's office vacancy rate lowest in Fairfield County.
- Article from:
- Fairfield County Business Journal
- Article date:
- January 2, 2006
- Author:
CopyrightCOPYRIGHT 2006 Westfair Communications, Inc. 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 Danbury region's office market is bit like the little engine that could. Compared with lower Fairfield County markets, Danbury's 2.3 million square feet of class A space is a distant last in size. But the Danbury market has something those lower county markets don't have: a low vacancy rate.
In fact, if you jigger the statistics a bit, the vacancy rate in the Danbury region was 10 percent during the 2005 third quarter, said Kim Mowers, vice president of Grubb & Ellis in Stamford. That compares with a 26.4 percent vacancy rate in Stamford, a 16.6 percent vacancy rate in Norwalk and a 20.7 percent rate in the Trumbull-Shelton market. Without the jiggering, the ...