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The state of the Triangle office market is strong said the panelists at the recent sold-out ULI Triangle members-only round table. Moderator Carman Liuzzo, Highwoods Properties, was joined by Michael Morgan, JLL, Chris Odle, Armada Hoffler, and Jeff Sheehan, Trinity Capital, to discuss where Raleigh and Durham fall in the development cycle, rent growth and leasing trends, amount of construction underway and the financing environment. Panelists expressed concerns about the rising cost of construction and the tightening of the debt market, but still were positive about the overall growth in office supply over the next 18 months.
To view the panel’s presentation, click here.