Q1 2021 Raleigh Office Market Report
Although rent growth has cooled significantly in the market post-pandemic, Raleigh is still holding up better than the national average of -1.6%. Given the amount of speculative space in the pipeline, tenants should expect more leverage in the coming quarters.
Raleigh's strengths will allow for continued improvement in 2021. Although there is continued uncertainty in return to work plans, Raleigh will continue to benefit from its large local talent pool and overall affordability. New statewide coronavirus vaccine rollouts are expected to provide further hope of improved performance in 2021.