Q1 2018 Market Summary

The Triangle’s Q1 office market continues to flourish. Absorption exceeded 488,000 SF, helping to contribute towards rent growth. Much of the new leasing activity was centered around RTP and downtown Raleigh. The vacancy rate in Q1 remained relatively unchanged. The Triangle’s industrial market also continues to strengthen. Vacancy rate is up slightly, primarily due to…

Q4 2017 Market Summary

The Triangle’s Q4 office market saw a positive absorption of Class A office space, highlighted by the expansion of several Triangle companies, including Credit Suisse, Infosys, Align Technology, PowerSecure, Victra, and Med-El, to name a few. These expansions, along with the 560,000 SF sale-leaseback of GSK earlier in the year, resulted in a boost for…

Q3 2017 Market Summary

The Triangle’s Q3 office market saw a rise in vacancy and an absorption of nearly -287,549 SF, meaning more tenants contracted or vacated space than leased or expanded. The North Raleigh market saw the most negative office absorption, with the relocation of Allscripts from The Forum office park in the Six Forks Road corridor to…

Q2 2017 Market Summary

The Triangle’s Q2 office market saw strong leasing activity with the addition of 3 new office buildings (Forty540, 2645 Meridian, and 3515 Glenwood) helping to boost inventory and improve the vacancy rate to 13.11%. However, with the sale and leaseback of GlaxoSmithKline’s 20 building campus, the office market saw an unusually high volume of absorption.…