Availability sees an overall increase, conditions vary greatly by submarket
Availability in the Raleigh/Durham market has increased over the past year, presenting new tenant options in a number of submarkets. Overall availability ticked up 240 basis points year-over-year to 13.9%, while class A availability rose 160 basis points over the same period to 13.7%. Overall availabilities range from a low of 0.6% in the East Raleigh submarket to 43.7% in the RTP/RDU submarket, presenting quite a variance in market conditions across the region. Availability remains tight in both the Downtown Raleigh and Downtown Durham submarkets. Availability in Downtown Durham declined by 190 basis points year-over-year to 6.1%, while Downtown Raleigh saw a slight increase in options with availability ticking up 100 basis points over the year to 5.5%.