The office vacancy rate in the Raleigh/Durham market area decreased to 12.2% at the end of the fourth quarter 2012. The vacancy rate was 12.4% at the end of the third quarter 2012, 12.7% at the end of the second quarter 2012, and 12.9% at the end of the first quarter 2012.
Class A projects reported a vacancy rate of 12.8% at the end of the fourth quarter 2012, 13.4% at the end of the third quarter 2012, 13.7% at the end of the second quarter 2012, and 14.5% at the end of the first quarter 2012.
Class B projects reported a vacancy rate of 13.9% at the end of the fourth quarter 2012, 13.9% at the end of the third quarter 2012, 14.2% at the end of the second quarter 2012, and 14.1% at the end of the first quarter 2012.
Class C projects reported a vacancy rate of 5.7% at the end of the fourth quarter 2012, 5.7% at the end of third quarter 2012, 5.9% at the end of the second quarter 2012, and 5.9% at the end of the first quarter 2012.
The overall vacancy rate in Raleigh/Durham’s central business district at the end of the fourth quarter 2012 decreased to 6.1%. The vacancy rate was 6.5% at the end of the third quarter 2012, 5.9% at the end of the second quarter 2012, and 5.6% at the end of the first 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.