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Q4 2021 Downtown Durham Office Report

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As one of the Triangle’s premier submarkets, downtown Durham has successfully transformed its business landscape from one based on tobacco and textiles to a technology and human capital-based economy. With a strong foundation in knowledge-based industries, downtown Durham is a leading science, healthcare, education, and technology center in the United States. The submarket packs a substantial punch when it comes to economic development. There are currently 20,000+ residents in downtown Durham and approximately 10,000 workers. Twenty-five percent of those employees are in the sector of jobs classified as knowledge industries.


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Q4 2021 Downtown Durham Office Report

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Ryan Toland

Executive Vice President, Occupier Services

Raleigh

As Executive Vice President, Ryan leads the Occupier Services team for Colliers Raleigh.  Ryan focuses on advising and representing corporations and office space users in their strategic real estate initiatives.  Ryan’s diverse client base spans a variety of industry sectors including: pharmaceutical, life science, software and technology, manufacturing, and professional services. Throughout his career, Ryan has been known for his methodical and analytical approach where he has been involved in hundreds of transactions of varying size and complexity.  In 2020 alone, Ryan negotiated over 400,000 square feet of lease transactions valued at approximately $50 million.

Prior to joining Colliers in 2021, Ryan was a Managing Director for Cushman & Wakefield for 7 years.  Previously, he served as Partner and Executive Director of Corporate Services at Synergy Commercial Advisors prior to their sale to Cassidy Turley. Additionally, Ryan opened and managed the Raleigh-Durham office of UGL Equis where he oversaw an office that ranked third nationally in overall profitability before merging with DTZ.

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