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Raleigh Office Market Report

Average Asking Rent (Price/SF)     $23.25
Vacancy Rate (%)         9.6%
Net Absorption (SF)   153,101

The Raleigh leasing market had a strong first half of 2017, as market fundamentals continued to tighten and hold in favor of landlords. The number of big blocks of space on the market remained limited, forcing many companies to consider new construction for relocation options. As a result, several new projects got underway with space already pre-leased. Tenants across all industries were actively looking for space, which helped provide diversity and lessen any potential dependence on any one industry.

Raleigh Office Market Report
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Raleigh Capital Market Report
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