Intelligence

Commercial Real Estate INSIGHTS

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Find the information you need to make informed commercial real estate decisions with up-to-date insights and the latest commercial real estate news. Our Coldwell Banker Commercial brokerage professionals provide invaluable, game-changing advice for businesses, identify real estate opportunities that others might overlook and offer creative solutions and sound business sense in an ever-changing environment. For more information, contact one of our specialists today.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

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Raleigh-Durham

Apartment
The Raleigh-Durham apartment market saw strong rent growth in the second quarter of 2019, while vacancy edged up slightly. Reis reports a second quarter vacancy rate of 5.5%, up 10 basis points for the quarter and unchanged over 12 months. Reis reports asking and effective rents increased by 2.1% in the second quarter of 2019 to $1,144 and $1,074 per month, respectively, up 2.4% and 2.8% over 12 months.
Industrial
The Raleigh-Durham warehouse/distribution market had a vacancy rate for the second quarter of 2019 at 12.0%, up 50 basis points for the quarter and the same amount over 12 months. The second quarter average asking rent increased 0.2% to $5.59 psf, with the average effective rent down 0.2% to $5.06 psf. These rates were up 2.4% and 3.1% over the year. Raleigh-Durham's Flex/R&D vacancy rate finished the second quarter of 2019 at 7.9%, up 40 basis points over the quarter and up 10 basis points from 12 months prior. Reis reports average asking and effective rents of $11.24 psf and $10.00 psf, up 0.9% and 0.6% for the quarter, and up 3.3% and 3.0% over 12 months.
Office
Vacancy in the Raleigh-Durham general purpose, multi-tenant office market finished the second quarter of 2019 at 15.1%. The rate was up 20 basis points during the quarter and up 30 over 12 months. Reis reports second quarter asking and effective rents of $23.69 psf and $18.95 psf, up 1.2% and 1.1% over the quarter, and up 4.1% and 4.3%, respectively, over 12 months.
Retail
The Raleigh-Durham community-neighborhood shopping center market posted a second quarter vacancy rate of 7.4%, unchanged over the quarter and down 10 basis points from one year earlier. The community-neighborhood shopping center average asking rent was up 0.1% over the quarter to $20.22 psf, with the average effective rent up the 0.2% to $17.13 psf. These rates were 3.5% and 3.6% year-over-year.

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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