Pyramid Thinks Outside the Commercial Real Estate Box

During a recent meeting with Pyramid Real Estate Group‘s commercial brokers, David Fiore, principal of Marcus Partners’ New York Metro Office, said 4 million square feet of office space in lower Fairfield County needs to be removed from the market.
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Those properties are not in primary locations, and many have limited parking, but can be considered for other types of uses.

Many office users are taking less square feet per employee, according to Fiore, and some buildings are obsolete and should be repurposed.

In a market where the office vacancy rate is in the 20 percent range, property owners need the assistance of a commercial brokerage operation like Pyramid. Pyramid can also assist a building owner in the sale of a property to a user, investor or re-developer.

For more information, call Pyramid at 203-348-8566, or visit www.pyramidregroup.com.