Fairfield County currently is one of the nation's hottest commercial real estate markets, and it shows no signs of cooling off according to local market experts. Local experts touted the area's soaring property values, proximity to New York City, and affluent young adults as incentives for more businesses to come.

Fairfield County is fast becoming a financial hub and Stamford and Greenwich are becoming a submarket of Manhattan, which is always seeking skilled workers. Stamford is so hot, because they can attract and retain employees. Seven downtown office buildings are being sold for $830 million to $850 million; the buildings were give a market value of only about $384 million by the city as part of its 2006 revaluation. This represents a huge increaese and two state-level efforts to delay the revaluation stalled this week, making it likely that the new property values will be used for the July tax bills. The new values had upset many local residents, Stamford officials were hoping that a one year delay would capture the soaring commercial values and lift some of the tax burden on homeowners.

great market.
what are the cap rates like, by the way???

it does sound like a great market

what is the avg price of the properties there??

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All About Hong Kong

Sounds pretty great. How is the cap rate in your market? I am interested.

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Great website on the western civilization!!!

THis sounds interesting. Can you give me some more information about that market. I hear that NYC property is very valuable and will continue to be the most major market in the United States due to the fianance companies there.

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Metternich