Market Info

3rd QUARTER 2017 TRIANGLE MARKET OVERVIEW

  Office vacancy increased over the third quarter after almost six years of steady office space absorption and delivery of new buildings. More office tenants vacated or contracted over the third quarter than leased or expanded bringing the office absorption down from second quarter. Over the past year, 1.2 million SF of office space has been added to the Triangle as vacancy increases. Additions to the office market this quarter include Highwoods Properties’ delivery of… READ MORE

1st QUARTER 2017 TRIANGLE MARKET OVERVIEW

Class A average lease rates in the Triangle are higher by 2.33% compared to this time last year, with the Six Forks Road, Cameron Village, and Cary submarkets representing the three highest rental growth regions. Over the past year, 2.36 million SF of office space has been added to the Triangle with the lion share being delivered in the RTP/I-40 Corridor submarket with GSK’s campus coming on the market for lease up. Demand for flex usable inventory continues to drive vacancy… READ MORE

4th QUARTER 2016 TRIANGLE MARKET OVERVIEW

Class A average lease rates in the Triangle continue to rise, up +0.63% this quarter to $26.05 per SF. Compared to this time last year, Class A average lease rates in the Triangle have increased 3.2%. Demand for usable inventory continues to drive vacancy lower and absorption higher in the Triangle. Since last year, overall vacancy has dropped -2.6% to 9.5%, while the area absorbed just under 225,000 SF. With nearly 580,000 SF of total net leasable… READ MORE

3rd QUARTER 2016 TRIANGLE MARKET OVERVIEW

Class A average lease rates in the Triangle continue to rise, up +0.41% this quarter to $25.89 per SF. Compared to this time last year, Class A average lease rates in the Triangle have increased over 1.1%.  At the same time, Class A vacancy rates continued to compress to 7.8%—down -0.93% since last quarter. With demand outpacing useable inventory in primary areas of the Triangle, demand for space in the Flex market is as high this… READ MORE

Giardino Gourmet Salads to Open First North Carolina Location in Cary

TradeMark Properties is pleased to announce that Vijay K. Shah, CCIM and Ross Diachenko, negotiated and executed a lease for Giardino Gourmet Salads. The gourmet salad concept will open its first North Carolina franchise location at Harrison Square in Cary, NC. The store is expected to open in late October of this year. While new to the Triangle market, the salad concept is also actively searching for other locations within Wake County. Giardino Gourmet Salads started in 2004 in… READ MORE

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