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Raleigh-Durham Office Figures Q2 2022

March 1, 2023 10 Minute Read

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Market Report Highlights

‒The office market experienced 246,342 sq. ft. of positive net absorption during Q2 2022.
‒The overall office vacancy rate decreased 60 basis points quarter-over-quarter to 12.5%.
‒Sublease inventory totaled 3 million sq. ft., 5.1% of overall inventory.
‒The amount of office space underway has declined notably year-over-year, with 1.8 million sq. ft. underway in Q2 2022.