Triangle Commercial Real Estate sub-markets

The recent volatility on the stock market reminded me of a Mark Twain observation:  “We should be careful to get out of an experience only the wisdom that is in it and stop there lest we be like the cat that sits down on a hot stove lid. She will never sit down on a hot stove lid again and that is well but also she will never sit down on a cold one anymore.”

We work hard to use our experience (better than Twain’s cat) to gain wisdom in the Triangle Commercial Real Estate market.  We have our finger on the pulse of the market everyday, but we also follow the hard data.

This data includes information from research reports that track key market indicators such as vacancy, absorption, rental rate, and construction.   I’ll summarize the latest information we follow in a paragraph here:

Overall vacancy in the Triangle office market increased as several large developments finally delivered.  Even with the slight increase in vacancy, absorption numbers were resilient and increasing demand for Class A space continues to create a construction frenzy in the Triangle. Average asking rents in the Raleigh-Durham market, particularly in the Class A sector, are forecast to steadily increase in 2018. With the large amount of Class A space that is currently under construction and the additional properties proposed, increasing price points will push Triangle office rents up well into 2018.

 

Whether you are looking to invest, buy, or lease commercial real estate in the Triangle, contact us at Amy Bush Commercial and we look forward to assisting you.

I didn’t get a chance to post on Groundhog Day so I missed using that in the title of this post, so I’ll pull out my high school poetry and quote Shelley’s “Ode to the West Wind”.   But for the record, Sir Walter Wally did not see his shadow, which means spring is on the way!

Here are two of our favorite spring destinations in the Triangle – to be fair one: in Raleigh and one in Durham.

North Carolina Museum of Art

After viewing the diverse permanent collection at the North Carolina Museum of Art, which includes 30 sculptures by Rodin, be sure to stroll the grounds of Museum Park and picnic on the beautiful Ellipse lawn.

Sarah P. Duke Gardens

This wonderful 55-acre public botanic garden on the Duke University campus features a butterfly garden as well a special section filled with over 900 species and varieties of regional native plants.

 

Don’t be surprised to see us (and our mascot, both are dog friendly) there one nice day soon (after a visit to one of the many food trucks that dot the Triangle – something we will be blogging about as well).

Amy Bush Commercial mascot