Figures
Q4 2025 Raleigh-Durham Office Figures
January 16, 2026 5 Minute Read
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KEY TAKEAWAYS:
‒Vacancy rates show incremental improvement, supported by positive absorption and sustained demand for Class A space. Asking rents continue to trend upward, signaling landlord confidence and steady interest in core submarkets, even as overall growth moderates.
‒Sublease availability continued its decline to 5.0%, suggesting improved utilization of second-generation, especially concentrated in prime locations. Sublease absorption has been positive for the second year with over 150,000 sq. ft absorbed.
‒Investment sales in Q4 totaled $328.3M. Activity dominated by private investor transactions, with lower participation from institutional and cross-border buyers in 2025.
‒Office development activity remains paused as the market works through its remaining prime office inventory. Stabilization of these projects is expected to precede any new construction starts.
‒Sublease availability continued its decline to 5.0%, suggesting improved utilization of second-generation, especially concentrated in prime locations. Sublease absorption has been positive for the second year with over 150,000 sq. ft absorbed.
‒Investment sales in Q4 totaled $328.3M. Activity dominated by private investor transactions, with lower participation from institutional and cross-border buyers in 2025.
‒Office development activity remains paused as the market works through its remaining prime office inventory. Stabilization of these projects is expected to precede any new construction starts.