1st Half 2019 Continues Climb in Commercial Real Estate Prices for Raleigh

Read for Colliers 2Q19 Triangle Office and Industrial Market Reports! Here’s your Capital Compass perspective: In the office market rates hit all time market highs with top rents reaching $41.50 per SF, The industrial sector is now sub 3% vacant space, with a vacancy rate of 2.49%! What this means for immediate leasing concerns? Rate hikes from 1Q19 are continuing their ascent. If you are facing significant upcoming lease requirements the time is now to lock in your rate before the next hike! Raleigh business owners and tenants will find interesting: 1.29 Million square feet of office is under construction. Vacancies in office options dropped a full percentage point to 7.52%, with industrial

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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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