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Healthcare, life sciences, technology lead 2017 leasing activity

• Raleigh-Durham rounded out 2017 with nearly 3.7 million square feet of leasing activity. Healthcare, life sciences, and technology accounted for more than 330,000 square feet of signed leases in the fourth quarter, and more than 65.0 percent of total leasing activity for the year.

• Major leases from 2017 include: contract research organization Rho for 159,000 square feet for its new headquarters, technology company Varonis for 55,000 square feet, and SolarWinds for 41,000 square feet.

• As an established and expanding technology and entrepreneurial hub, expect leasing trends in 2018 to follow a similar pattern. WeWork has signed a lease in Downtown Durham, its second location in the Raleigh-Durham market. Technology company Bandwidth is expanding its presence on North Carolina State’s Centennial Campus. ​

Source: JLL Research

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