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