Market Activity Improving Region’s Commercial Properties
Jul 26, 2012
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According to data from Triangle Business Journals second quarter Space survey , the laws of supply and demand have started taking effect as occupancy levels re-bounded in the second quarter in almost all commercial real estate product types in the Triangle region. Demand for Class “A” office space is growing, local brokers say, which is allowing rental rates to stabilize and increase in some sub-markets. The vacancy rate for the Triangle region’s Class A office assets dropped below 14 percent for the first time in three years. The absorption of office space in the first half of 2012 surpassed office absorption levels in all of 2010 and 2011 combined.
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