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Norwalk, Conn., has slightly higher office occupancy rate than Stamford.

Knight Ridder/Tribune Business News

| November 09, 2004 | COPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

By Peter Healy, The Stamford Advocate, Conn. Knight Ridder/Tribune Business News

Nov. 9--For the first time in several years, office occupancy in Norwalk has edged higher than in Stamford.

Norwalk's office availability rate in the quarter that ended Sept. 30 was 19.6 percent, compared with 19.7 percent in Stamford, according to averages taken from statistics compiled by five real estate firms. Available office space is that which is vacant or scheduled to become empty in the coming months.

Several large leases helped cut the empty office space in Norwalk.

Diageo plc, the world's largest liquor company, is scheduled to relocate its North American headquarters from Stamford and White Plains, N.Y., next year to a new 277,700-square-foot building on Glover Avenue. Among them, sports marketer Octagon leased 38,320 square feet at 800 ...

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