Raleigh-Durham office market reports
2Q21 highlights and trends
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Overall market fundamentals are beginning to recover, while Triangle-wide rent growth remains positive as reopening efforts and return to work models continue to evolve post pandemic.
Unemployment rate in Raleigh-Durham, down 830 bps from the height of the pandemic.
Raleigh ranked among the top 10 U.S. cities best positioned to recover from the pandemic by Moody’s Analytics.
Year-to-date leasing activity and is expected to increase as the market anticipates pent-up demand after a year of uncertainty and minimal movement.
Total amount of vacant sublease space (in square feet) on the market in Raleigh-Durham, comprising 20% of total vacant space.
Average rents held steady in Raleigh-Durham posting 1.9% YoY rent growth, largely due to new construction deliveries and owners holding firm on rates.
Trailing 12-month office investment volume in Raleigh-Durham. In April, Highwoods acquired Captrust Tower and Wells Fargo Capitol Center as part of a $717-million portfolio acquisition from Preferred Office Properties in Raleigh, Charlotte and Atlanta.
Your source for the latest Raleigh-Durham office market reports
Get in-depth office market reports and insights from commercial real estate experts in the greater Triangle area. Avison Young advisors look at Raleigh-Durham commercial real estate activities and the latest Raleigh-Durham statistics to provide you expert market research on Raleigh-Durham's office properties. For an overview of market trends, see the Raleigh-Durham condensed Office Insights 2Q21 report.
Explore different topics like the latest office market pricing trends and analysis of Raleigh-Durham's current office real estate market conditions. Gain a better understanding of Raleigh-Durham’s office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in Raleigh-Durham's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in Raleigh-Durham.
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