Office Market At Start Of 2023 In Raleigh-Durham

Raleigh

2023/02/03

The shift towards remote work has led to a decrease in demand for office space in the Raleigh-Durham market. The region's office market has an increased supply of sublease space and new construction entering the market. The high degree of uncertainty in tenant demand and abundant supply has led to a low supply of buyers and lenders. The pandemic and summer of riots have impacted the downtown markets the most, resulting in fewer workers and vacant shops.