Rents on the rise, but so are construction options? 2Q16 Triangle Office Report explains.

Read for Colliers 2Q16 Triangle Office Market Report! Here’s your Capital Compass perspective: Office rents continue their 2016 rise as space options tighten across the majority of Triangle sub-markets. Raleigh is also seeing one of an all time highs in construction activity with close to 2 Million SF of office space underway or being delivered in 2Q16. Raleigh business owners and tenants will find interesting: The Triangle vacancy rate continues to sit at last quarter's record of 8.0% of space open for rent in the market. Year to year Class A office rental rates rose 6%, or $1.30 psf to $24.80 psf in the Triangle. Class A Office space in downtown/central business districts push rates even h

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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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