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

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.

May 22, 2023

US-NC-RLH Raleigh