Raleigh-Durham suburban office leasing volume remains steady as remote job postings reach high levels

Graph of Raleigh-Durham suburban office leasing and quarterly percent of remote job postings
  • The commute to the office, and all of the costs associated with it, is commonly cited by office users as a reason to work remotely. In the past two years the percentage of jobs posted as remote has increased, but suburban office leasing activity has remained steady.  
  • Office properties that are located in suburban submarkets are attractive to many users that are still balancing the work from home/hybrid model. They offer lower rental rates than the urban comparative but typically do not have as many amenities.  
  • Although suburban office leasing activity is still down from its pre-covid highs, suburban office space is likely to remain steady or increase in popularity as tenants continue to assess their office space use and needs.

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