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

1Q19 Report Reflect Asset Growth & Landlord Market Position

Monday, May 6, 2019

 

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.

 

  • Industrial rents average $6.00 per foot with warehouse sales reaching over $100 per square foot in some cases.

 

 

How does this apply to business owners and tenants? 

 

 

For office tenants, read more here!

 

For industrial and lab, find insights here!

 

 

 

- Capital Compass

 

 

Please reload

Follow Me
  • Twitter App Icon
  • Google+ App Icon
  • LinkedIn App Icon
  • Facebook App Icon
Recent Posts
Please reload

Search By Tags
Please reload