3Q 2019 Outpaces 2Q On Rent Growth and Activity in Research Triangle!
Here’s your Capital Compass perspective:
In the office market rates hit all time market highs with top asking rents reaching now $42.00 per SF
Raleigh business owners and tenants will find interesting:
2.14 Million square feet of office is under construction.
Even with the addition of new office product, vacancy rate in office options dropped again from 2Q19 to 7.1% vacant space.
North Hills continues to be the top office market in town, with Advanced Auto Parts moving their HQ to Tower IV and leasing over 217,000 SF to fill the tower!
How does this apply to business owners and tenants?
For office tenants, read more here!
- Capital Compass