1Q20 Office Report Benchmarks Pre-COVID Pricing!

Read for our 1Q2020 Triangle Office Market Report!

As I write this, the world is living through a new COVID-19 pandemic reality. The pricing expectations that are based on historical data will not hold much sentiment to current office users and business owners focused on crisis management. Even so, the economic baseline of 2020 for pricing will be from 1Q20 and with that please refer to our report!

Here’s your Capital Compass perspective:

In the office market rates started higher than 1Q2019 with average asking rates at $27.33 per SF, and Class A at $30.26 per SF!

Raleigh business owners and tenants will find interesting:

  • 1.1 Million square feet of office was constructed and delivered.

  • Vacant and Available space rates for the quarter were at 11.9% market wide, and 9.8% for Class A office.

How does this apply to business owners and tenants?

For office tenants, read more here!

- Capital Compass

Follow Me
  • Twitter App Icon
  • Google+ App Icon
  • LinkedIn App Icon
  • Facebook App Icon
Recent Posts
Search By Tags


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