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Even as the office building sector continues to struggle as values drop in many parts of the country, the Piedmont Triad appears to be weathering the storm.
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As large cities across the country are experiencing sharp declines in office building space, brokers in the Triad are upbeat about commercial real estate prospects.
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As businesses adjust to remote work trends, the number of office leases signed has taken a big dip in the Research Triangle, and — to a lesser degree — the Piedmont Triad. This new leasing landscape is forcing builders and would-be renters to adjust.