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FLOW CHART | TALENTED WORKFORCE LEADS TO STRONG NEED FOR OFFICE SPACE IN RALEIGH

Educated and Talented Workforce

New Companies Starting and Relocating in Raleigh

Increasing Demand for New Office Space

YEAR END OCCUPANCY AT HIGHEST POINT SINCE 20011 95

90

85

80 75 2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

UPCOMING AND RECENT OFFICE PROJECTS Over 589,000 square feet of new Class A office space being delivered in 2018 and 2019 One Glenwood

FNB Tower • 219,000 sf with 14,500 sf retail • 10 stories •L  ocated between Glenwood South and Warehouse District • Delivers in 2018

The Edison

• 157,000 sf office/retail • Class A office space with ground floor retail • 22 stories • 239 residential units • Begins construction in 2018 HQ Raleigh expansion

•2  93,000 sf • 1 0,000 sf of retail • 20 stories • Planned

The Dillon

• 31,000 sf expansion in Glenwood South in 2017 • Complements additional 15,000 sf expansion in Capital Club Building in 2017 • Added 46,000 sf of new incubator space to existing 20,000 sf 400H

•2  10,000 sf Class A office space •5  2,000 sf of retail and 260 apartment units •T  ower built within footprint of existing warehouse • Delivers 2018

¹Triangle Business Journal, JLL, Colliers, Avison Young

• • • •

144,000 sf Class A office space 216 residential units Ground floor retail space Planned

2018 State of Downtown Raleigh Report  
2018 State of Downtown Raleigh Report