2016: The Year of Construction

Read for Colliers 4Q16 Triangle Office Market Report! Here’s your Capital Compass perspective: With 2016 numbers in, Colliers releases a full review of the Triangle office market. Two notable takeaways: one, office demand fueled record construction numbers with over 2 Million SF of new construction and 15 buildings in the pipeline and two, absorption in the Triangle remained positive for now 8 consecutive years. Raleigh business owners and tenants will find interesting: The Triangle vacancy rate remained 1.7% lower than 4Q15, at a rate of 7.9% of space open for rent in the market. Class A office rental rates rose to $25.62 per SF, 72 cents higher than 3Q16. Central Business Districts contin

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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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