The overall Greensboro/Winston-Salem office market vacancy increased 47 basis points quarter-over-quarter to 13.0%.

 

• 132,000 square feet of new office construction is underway.

 

• 133,000 square feet of negative net absorption occurred in the second quarter.

 

• Overall average asking rates decreased $0.39 quarter-over-quarter to $16.78 per square foot.

 

• Significant Lease Transactions 

• Inmar Intelligence (1 W 4th St, Winston-Salem, NC | (170,000 SF)

• House of Markor (410 W English Rd, High Point, NC | (11,700 SF)

• A.R.T Furniture (410 W English Rd, High Point, NC | (6,600 SF)