Triangle Commercial Real Estate sub-markets
The recent volatility on the stock market reminded me of a Mark Twain observation: “We should be careful to get out of an experience only the wisdom that is in it and stop there lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again and that is well but also she will never sit down on a cold one anymore.”
We work hard to use our experience (better than Twain’s cat) to gain wisdom in the Triangle Commercial Real Estate market. We have our finger on the pulse of the market everyday, but we also follow the hard data.
This data includes information from research reports that track key market indicators such as vacancy, absorption, rental rate, and construction. I’ll summarize the latest information we follow in a paragraph here:
Overall vacancy in the Triangle office market increased as several large developments finally delivered. Even with the slight increase in vacancy, absorption numbers were resilient and increasing demand for Class A space continues to create a construction frenzy in the Triangle. Average asking rents in the Raleigh-Durham market, particularly in the Class A sector, are forecast to steadily increase in 2018. With the large amount of Class A space that is currently under construction and the additional properties proposed, increasing price points will push Triangle office rents up well into 2018.
Whether you are looking to invest, buy, or lease commercial real estate in the Triangle, contact us at Amy Bush Commercial and we look forward to assisting you.
