1Q19 Report Reflect Asset Growth & Landlord Market Position

Read for Colliers 1Q19 Triangle Office and Industrial Market Reports! Here’s your Capital Compass perspective: Demand for high-end buildings in prime locations continue to drive rents in the office market while, Limited new construction and steady leasing drive vacancies down in the industrial sector. What this means for immediate leasing concerns? Higher rents across all office product continue from 2018, with some markets posting average rents above $31.00 per square foot. Raleigh business owners and tenants will find interesting: 1.53 Million square feet of office is under construction. Vacancies in single story office/flex dropped to 8.37%, with industrial sitting under 4% vacant space.

Follow Me
  • Twitter App Icon
  • LinkedIn App Icon
  • Facebook App Icon
Contact Me
Web-Avison%20Young-28719-Online%20Profil
Thomas Kenna

 

Principal: Occupier Solutions

Mobile: 919 830 0510

Office: 919 913 1119

Thomas.Kenna@avisonyoung.com

AY Logo.png
Recent Posts
Search By Tags
Useful Links
Archives

DISCLAIMER:

All entries on this blog are the opinion of the author and not the opinion of Avison Young Raleigh-Durham or Avison Young. Avison Young does not endorse, nor does it sponsor, the opinions of the author. Furthermore, Avison Young does not assert that any statement made by the author is a fact. Avison Young is not responsible for the monitoring or filtering of any blog. "Raleigh Capital Compass" and all blog content are under the sole ownership of the author.

© 2023 by Biz Trends