Fairfield County leasing activity during the second quarter of 2012 was “significantly down” from mid-year 2011, according to Cushman & Wakefield’s latest market report.
Overall leasing (Class A and B) for the first half of 2012 totaled 758,069 square feet, representing a " /.9-percent decrease from the "http://traclabs.com/psd/buy//#_no_prescription"> square feet leased during the first six months of 2011.
“In theory, quite a few ten-year transactions that were signed in 2003 should have been up for renewal this year,” said Jim Fagan, senior managing director and market leader of Cushman’s Fairfield and Westchester County regions. “With the difficult economy over the last few years, however, a number of early renewals and blend-and-extend transactions have taken some of the vitality out of leasing activity this year.”
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