Fairfield County Office Availability Rate Drops
Vacancies for high-end office space in Fairfield County continued to decline this year, but still exceed the more affordable tiers of the market.
$35B Office Conversion Loan Program Streamlined
A pair of much-maligned below-market loan program for office-to-residential conversions are getting a revamp as part of a $100 million package of incentives to help communities remove barriers to housing production.
Biden Administration Announces Office-to-Residential Incentives
The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions.
Fairfield County Office Rents Take Another Hit
Office tenants inked just 263,000 square feet of leases and renewals during the third quarter, CBRE reported, an 18 percent decline from the previous quarter.
