Despite higher overall price per square foot in 2023 over 2022, downtown Raleigh investment pricing remains lower than the overall market.
Office investment volume in both downtown Raleigh and the overall Raleigh-Durham market has been on a decline since 2021. During the period, the overall market has seen a 90% decline in total sales volume, and downtown Raleigh has seen a decline of over 91%.
Sale price per square foot is at the lowest point it has been since 2014 for both the overall market and the downtown Raleigh submarket.
December 15, 2023