4Q15 Triangle Market Report

Click here for Colliers 4Q15 Triangle Office Market Report! Here’s your Capital Compass perspective: The year closed out with aggressive market rents pushing rates to RECORD LEVELS in the Triangle and Raleigh office markets. Overall Class A rents averaged $24 a SF (highest market rents at $35 per SF), with record vacancy levels of 8% market wide. *Triangle is at a record of over 10 Co-working Communities / Startup Hubs Raleigh business owners and tenants will find interesting: The Triangle economy remains strong with new jobs reaching 5,700 in 4Q15 and unemployment rates down to 4.7%. Over 600,000 SF of office space was leased in the last quarter bringing vacancies to 6.7% in Downtown Raleig

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Thomas Kenna

 

Principal: Occupier Solutions

Mobile: 919 830 0510

Office: 919 913 1119

Thomas.Kenna@avisonyoung.com

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