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Despite low vacancy, strong absorption, surplus of availabilities in Uptown remain

  • ​​​Prospective tenants looking in Uptown with large needs or smaller requirement have a range of opportunities to choose from. The development pipeline, which is over 50 percent preleased, shows well in regard to large block availabilities.
  • Future tenants will find themselves paying at a higher rental rate compared to all other submarkets with Uptown boasting an average rate of $31.11 per square foot for Class A properties.
  • Nearly 180,000 square feet is available at First Citizens Bank Plaza due to Westinghouse Electric Co. relocating from Uptown to LakePointeCorporate Center in the Airport submarket. First Citizens Bank Plaza is marketing the space in the $32.00-$34.00 per square foot range.
Source: JLL Research and Costar

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