CBRE Raleigh group says its leasing transaction total $211 million. | Adobe Stock
CBRE Raleigh group says its leasing transaction total $211 million. | Adobe Stock
With so many people working from home during the COVID-19, office leasing might be low on many businesses' priority list.
But the pandemic hasn't stopped the demand for office space in the Triangle, one company reported.
CBRE Raleigh Investor Leasing group has completed 31 lease transactions for a total of 837,00-square feet and a $211 million transaction amount since March when the pandemic hit, the company said in a September news release. The company represents owners of eight million square feet of office space.
"We are continuing to see an increase in activity in the Triangle market," Executive Vice President Brad Corsmeier said in the release. "Despite the challenges our market is facing now, we anticipate the Triangle will be on the forefronts of companies' minds post pandemic"
The tech, life science and healthcare industries have traditionally shown strong interest in the Triangle, and analysts expect that to continue after COVID-19 subsides, the news release said.
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