2Q20 Office Report Shows Activity Pause, COVID Delays

Read our 2Q20 Triangle Office Market Report! 2Q20 felt the full force of the COVID crisis from government lock downs to large drops in the stock market. With all the uncertainty nationwide, white collar offices moved to remote work, buildings began major cleaning overhauls and life outside went on pause. As dire as the market was, the report numbers below show that Raleigh and the Triangle were better positioned construction wise and development planning than most cities to handle the crisis. Time will tell if an upswing post crisis becomes the Triangle's long term benefit. Here’s your Capital Compass perspective: In the office market rates started higher than 1Q2020 with average asking ra

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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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