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    Thomas Kenna, Capital Compass. Colliers International, Raleigh

    Raleigh's 1st Guide to Real Estate & Developments  |  By Thomas Kenna

     

     

    DISCLAIMER:

    All entries on this blog are the opinion of the author and not the opinion of Colliers Raleigh-Durham or Colliers International. Colliers does not endorse, nor does it sponsor, the opinions of the author. Furthermore, Colliers does not assert that any statement made by the author is a fact. Colliers 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

    |

    Thomas Kenna

     

    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

     

     

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