Towering challenges: Triangle commercial real estate sector faces ‘very real’ headwinds

A flashing warning light for builders and developers in the Triangle: Vacancy rates are at 15% – a level not seen since the “Great Recession. And developers also face “tepid growth for new office development” in a slowing economy afflicted by interest rates. So warn two commercial real estate firms in the Triangle. And a leading business recruiter says the traditionally strong Triangle will be “forced” to join other metro areas dealing with a downturn.

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