Downtown Durham is booming. Take a drive down any of the one ways that will confuse you and see the change happening. It’s all local, hip, and for the better. Businesses are lurking at the opportunity of opening up shop in one of the seven downtown districts. (Brightleaf, Wearhouse, Central Park, City Center, American Tobacco, Government Services, and the Golden Belt) Showing a client downtown…
Appreciation has grown as much as 9 percent in Raleigh for commercial space into the year of 2018. Reasoning behind that would be because vacancies are below 5 percent and the market has absorbed 1.3 million sq. feet of commercial space in 2018. Durham is…
Commercial real estate is inextricably tied to economic factors, both local and beyond. Locally, it is clear things are still booming: the Raleigh-Durham area has been abuzz with news of Amazon and Apple potentially locating new offices here; a quick survey of local …
A few weeks ago, we presented a summary of LPL’s predictions for the current bull market, looking at five indicators known as the “Five Forecasters”: the Conference Board’s Leading Economic Index (LEI), the US….
It has happened. Kane Realty Corp. along with Newport Beach, CA located private equity firm sold the Midtown Plaza office building found in Raleigh’s North Hills market for $127.MM. Houston, TX based investment…
SOLD // FEATURED LISTING – Large lot of 58.29 acres located on Batten Farm Road at Country Club Road in Selma, NC. Fairly level topography. Extremely close proximity to I95. Neighbors Cardinal Country Club, close to Carolina Premium…
How long can a good thing last?? Our nation has enjoyed a bull market for nine years—the second-longest stretch since World War II! With such a mix of things to consider these days—low unemployment, increased wages, the impact of new tariffs, new tax laws…
The way commercial real estate is priced and leased is often misunderstood due to matters of rentable square footage. Below is a brief discussing of Load Factors and Loss Factors to provide some insight into these critical components of office leasing. It looks at…
