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Raleigh Market Reports

Raleigh Office Market Report

Average Asking Rent (Price/SF)             $25.36
Vacancy Rate (%)               10.1%
Net Absorption (SF)              45,886

The Raleigh office market had a strong decade of growth, as shown in its continually improving fundamentals. In the past decade, Raleigh has delivered 30 buildings totaling 3.3 million square feet. The vacancy rate fell 710 basis points, as Raleigh had more than 10.0 million square feet of absorption. The market saw the same consistent growth in average rental rates, which increased 18.1% over the decade.



Raleigh Office Market Report
4Q19
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