Challenging year : Fairfield County office market looks to rebound from pandemic s disruption
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In Fairfield County’s third-largest new lease of 2020, Greenwich Education Group signed a lease for about 67,000 square feet at 201 High Ridge Road in Stamford, Conn.Michael Cummo / Hearst Connecticut Media
Southwestern Connecticut’s office leasing was hit hard by the coronavirus pandemic in 2020, but the market still showed signs of life.
The mixed outlook is detailed in a new report from commercial real estate firm Newmark. While leasing volume plunged last year, Newmark officials argue that major deals brokered in the past few months showed that amid the rise of remote working many corporate tenants still see offices as key to their long-term plans.