Raleigh’s current vacancy rate is nearing 40%. Raleigh-area landlords, like most landlords in the US, are not recognizing the significant increases in vacancy and businesses’ objectives to occupy less space. Despite record vacancy rates in office buildings, asking rates remain unchanged from record highs in 2019.
This situation presents an ideal opportunity for cost reduction for businesses regardless of how much term is left on the lease. Vestian specializes in building out new plans for real estate that combat Landlord’s reluctance to acknowledge market conditions.
Our approach is an unwavering commitment to create leverage for your tenancy and to reduce cost through a creative and unconflicted advisory - regardless of when your lease expires. There is great opportunity in the Raleigh market and key submarkets like Cary. Now is the time to act.
Raleigh Market Research