Commercial Real Estate in Raleigh, Durham, and Chapel Hill The Triangle region of North Carolina is widely considered one of the fastest growing and continuously thriving economies in the United States. Made up of the geographic triangle formed by Raleigh, Durham and Chapel Hill, the Triangle also consists of a number of fast growing towns [...]

According to data from Triangle Business Journals second quarter Space survey , the laws of supply and demand have started taking effect as occupancy levels re-bounded in the second quarter in almost all commercial real estate product types in the Triangle region. Demand for Class “A” office space is growing, local brokers say, which is [...]

Cresa Raleigh’s 2nd Qtr. 2012 Market Report is available here.  According to Cresa the overall office vacancy rate in the Triangle dropped by 0.2% to 14.1%. Net absorption year to date increased to 284,354 SF. The Triangle’s jobless rate rose in May 2012, reversing its gradual fall since 2010. The North Carolina Department of Commerce [...]

Client Objectives Renew current lease space of 18,850 sq. ft. Tenant had one (1), Three (3) year renewal option only at $24.19 which is 3% escalation over current rental rate of $23.49. Dilemma: Three year renewal option would put client at risk of re entering the marketplace for space in anticipated peak of the market [...]