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Raleigh Office Market Report

Average Asking Rent (Price/SF)       $24.10
Vacancy Rate (%)           9.8%
Net Absorption (SF)    299,488

The Raleigh office market started 2018 with a continuation of 2017's strong fundamentals. The market continues to favor landlords, although tenants are beginning to realize they may have additional leverage in high-demand submarkets where developers intend to lease their new buildings. Backfilling the vacated space or filling a remaining small space in a new building may allow for more tenant-friendly pricing and terms.



Raleigh Office Market Report
1Q18
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