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Fairfield County, CT : Office Snapshot - Q1 2014

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The Bridgeport-Stamford-Norwalk economy lost some momentum in the last few months as unemployment climbed from 6.3%, at the close of 2013, to the current 7.0%. While there have been modest gains in the education and health (+2.7%) and information (+3.4%) industries during the last year, the sectors that historically drive the office market have lagged.

Professional and business services have only seen minimal improvements since one year ago, while financial-services firms have cut payrolls, contracting by 0.2% in that time. With RBS announcing thousands of global job cuts, its headquarters in Stamford could see layoffs in the near future.

Source : Cushman & Wakefield

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Keywords : Cushman & Wakefield