Triangle Rents Continue Increase, High Demand for Class A Space!

Read for Colliers 3Q18 Triangle Office Market Report! Here’s your Capital Compass perspective: Construction cranes continue to dot the Raleigh and RTP skylines, but office deliveries of 2.46 Million SF are still outstanding. What this means for immediate leasing concerns? Higher rents across all office product, with particular historic highs in the Class A and new build product. Raleigh business owners and tenants will find interesting: Class A Space was responsible for 96% of leased and absorbed space, or 207,375 SF in 3Q18! Triangle vacancies continued to drop for 2Q18 with reported overall vacancy rate of 7.49% in 3Q18. Downtown Durham continues to have the lowest vacant space rate in Tri

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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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