1Q16 Triangle Market Report

Click here for Colliers 1Q16 Triangle Office Market Report! Here’s your Capital Compass perspective: 2016 continued forward with last year's momentum and record numbers in both rental rates and available space in the Triangle. The CBDs (Central Business Districts) of both Raleigh and Durham reported the lowest vacancies in the market as well as some of the highest rental numbers. Raleigh business owners and tenants will find interesting: The Triangle vacancy rate sits at record low numbers, a whopping 8.0% of space is open for rent in the market. Downtown Durham hit 2.2% vacant space in 1Q16, a drop of 300 basis points from the previous quarter. Downtown Raleigh sat at 6.5% vacant space. Co

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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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