Raleigh-Durham office market reports
2025 Q3 highlights and trends
Raleigh-Durham’s office market displayed improving fundamentals in Q3 2025. Over the past two years, direct availability has declined with each rate cut, and following the recent 25-basis-point reduction, Q4 could see the lowest direct availability since Q1 2024. Trophy asset rental rates remain strong at $48.16 PSF, nearly $18 above Class A and $22.47 above Class B. Meanwhile, sublet availability fell below 3 million square feet for the first time since Q4 2022, signaling a recovering market.
Direct office availability decreases in result of federal reserve rate cuts
Direct office availability has decreased on an average of 156,000 sf after each federal rate cut over the past two years.
Asking rent for trophy office buildings
Asking rents are currently averaging $48.16/sf FS for trophy office assets in the Raleigh-Durham region.
Sublet availability decreasing
Sublet availability is just under 3 million square feet for the first time in 11 straight quarters.
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.
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.