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