During the fourth quarter 2012, two buildings totaling 36,554 square feet were completed in the Raleigh/Durham market area. This compares to one building totaling 7,985 square feet that were completed in the third quarter 2012, three buildings totaling 66,705 square feet completed in the second quarter 2012, and nothing completed in the first quarter 2012.
There were 135,696 square feet of Industrial space
under construction at the end of the fourth quarter 2012.
Some of the notable 2012 deliveries include: 4063 Stirrup Creek Dr, a 50,000-square-foot facility that delivered in second quarter 2012 and is now 100% occupied, and 20 Rupert Rd, a 30,000-square-foot building that delivered in fourth quarter 2012.
The information in this news report is based on CoStar’s Fourth Quarter 2012 Market Report, a 40-plus page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 1-877-694-2177.