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Raleigh Office Market Report

Average Asking Rent (Price/SF)             $26.37
Vacancy Rate (%)               10.1%
Net Absorption (SF)            165,639

The Raleigh office market experienced continued growth in the second quarter of 2019, as metrics were positive. The vacancy rate, while remaining in double digits for the second consecutive quarter, ended the quarter at 10.1%, unchanged from last quarter but 60 basis points higher than one year ago. The vacancy rate fell to the single digits in 2017 and 2018 but has risen as a result of new construction.



Raleigh Office Market Report
2Q19
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