1Q15 Triangle Market Report is In!

Click here for Colliers 1Q15 Triangle Office Market Report! Here’s your Capital Compass perspective: The record breaking building sale volume from 2014 continued forward into the first quarter of 2015, with 11 sales totaling over $285 Million in 1Q15 alone. Investor activity also affected the office market and is one of the causes of increased rental rates across the Triangle. Raleigh business owners and tenants will find interesting: Downtown Raleigh Vacancy levels dropped below the record breaking numbers in 2014 with a new 6.5% vacancy in 1Q15. Class A Rents rose to $22.11 psf for the Triangle, Downtown Raleigh averaged $26.41 psf, and Downtown Durham averaged $28.98 psf The US 70/Glenw

Spring '15 Developments in Review

With the passing of Memorial Day, and the general consensus of the “beginning” of summer, it’s time to take a look back on Spring's 2015 developments in Raleigh. From downtown to Glenwood and Cary, activity has continued to flow from last year’s boom. Here are a select few projects to keep on your compass: City Center Tower: Durham’s largest office project of the year, 26 stories high At 300 ft, City Center will also be the tallest building in Durham $80 Million pledged in development Construction beginning in January Dillon Supply Warehouse: A 2.5 acre downtown Raleigh site used by Dillon Supply is now up for redevelopment by John Kane Plans call for 20 story heights of one office tower, o

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Thomas Kenna

 

Principal: Occupier Solutions

Mobile: 919 830 0510

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Thomas.Kenna@avisonyoung.com

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