A decline in the Raleigh-Durham vacant office sublease space may be on the horizon

Bar chart of Raleigh-Durham commercial real estate vacant office sublease space from Q1 2016 to Q4 2022
  •  Vacant office sublease space as a percentage of the total vacant inventory experienced a moderate decline which could show a change in direction for sublease space.
  • As terms for vacant sublease space expire, the vacant space will become direct vacant space further decreasing the amount of sublease space on the market.
  • As vacant sublease space declines, there will be a shift in tenant demand towards direct spaces.

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