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NAI Carolantic Has Moved...
NAI Carolantic Moves to New High-Tech Offices
NAI Carolantic has relocated their corporate headquarters to 5121 Kingdom Way, Ste. 200 in Raleigh near the PNC Arena. Designed from the ground up, the space was built to incorporate the latest, state-of-the-art technology to help meet the needs of clients, brokers and staff. "To accomplish our goals and stay on the cutting edge, we needed to make a location change and design our own space," said Steve Stroud, Chairman of NAI Carolantic. "The benefits of our workplace design include improved employee engagement, performance and collaboration."
Nearly 1,800 business, government and community leaders, including Governor Pat McCrory, gathered inside Raleigh’s PNC Arena last night to seek and share answers about the health and direction of the local economy and to hear what’s likely in store for the coming year.
The event was the 31st Annual Triangle Commercial Real Estate Conference, hosted by NAI Carolantic Realty. Considered the authoritative “state of the market” report on the Triangle’s real estate sector, findings presented at the conference also provide an important bellwether of the region’s general economic health.
“If you want to know what businesses are going to do in the coming year, activity in commercial real estate is the most credible indicator of their intentions, and that of investors,” notes Jimmy Barnes, President of NAI Carolantic, “Will they expand? Retrench? Hold the course? The commercial real estate sector tells you months ahead of anything else.”
NAI Carolantic’s survey and analysis showed that, in a market of over 265 million square feet of office, multipurpose and shopping center space, approximately 20 million square feet remained vacant at year-end. “Office market vacancy dropped three points from 2014 to end 2015 at a healthy 10%. The Multipurpose market also saw a drop in vacancy from 11% in 2014 to 8% in 2015. Shopping Center vacancy dropped one point to a healthy low of 3% with approximately 850,000 square feet under construction. Overall, 6.1 million square feet were absorbed. Approximately 3.3 million square feet of office, multipurpose and shopping center space are now under construction for the first quarter of 2016. The apartment market continues its robust growth, but we do not anticipate absorption to keep up with supply forcing vacancy to increase slightly to 8% by the end of 2016,” said Barnes.
On January 19, 2017, NAI Carolantic will hold its 32nd annual conference to examine the impact of local, regional and national events on the region’s commercial real estate market. This invitation-only event will be held at the PNC Arena in Raleigh. Special thanks to our Conference and Reception Partners: Bobbitt Design Build; celito.net; DMJ & Co. PLLC; JDavis; Manning Fulton & Skinner, P.A.; TriSure; Wells Fargo; and WithersRavenel.
Steve Stroud, NAI Carolantic Chairman Receives the 2016 ULI York Award for Community Builder
Steve Stroud, SIOR, founder and Chairman of NAI Carolantic Realty was the recipient of the prestigious “Community Builder” Award presented September 22nd at the Annual ULI York Awards. The presentation was held at the NC Museum of Art in front of 150+ ULI members, professionals from all areas of real estate, colleagues, family and friends. .
In our continuing effort to keep our clients informed of the latest market conditions and how it could impact your business decisions, we are providing the Second Quarter 2016 condensed Linneman Letter. The Linneman Letter is a report written by our NAI Global Economist, Dr. Peter Linneman formerly at the Wharton School of Business, the University of Pennsylvania. .
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2016 Mid-Year Commercial Real Estate Update
NAI Carolantic is pleased to announce that former NHL hockey player, Tim Brent will be joining our firm in July as a Commercial Broker. “Tim has a proven track record of leadership and incredible discipline, which are essentials for successfully transitioning into the brokerage business,” said Steve Stroud, SIOR, Chairman of NAI Carolantic. “I’ve seen first-hand his work ethic and his commitment to helping people achieve their goals. We are very happy that he’s decided to be part of our brokerage team.”
Mr. Brent’s decision to join NAI Carolantic reflects his longstanding interest in commercial real estate and is the culmination of his involvement in various real estate investments over the past several years, including an investment/land transaction through NAI Carolantic that left him pleased and impressed by the team’s knowledge and professionalism.
“My wife and I felt the time was right for me to retire from hockey and fully pursue my passion for commercial real estate,” said Brent. Noting that he looked forward to joining the NAI team, he added, “We have already been made to feel a part of the NAI Carolantic family.” .
Moss Withers Receives TCREW Best Professional Service Award
Triangle Commercial Real Estate Women (TCREW) presented Moss Withers, MBA with TCREW’s Best Professional Service Award at their 18th Annual Champion Awards held recently at Prestonwood Country Club in Cary.
The award is presented to an individual who provides the best professional commercial real estate service, with consideration for industry knowledge, leadership ability, negotiating skills, work ethic and creativity. Over 425 business leaders attended the event. .
NAI Carolantic’s Executive Presented with TCAR’s President’s Circle Award
Kerry Saunders, Executive Vice President and COO of NAI Carolantic received the President’s Circle Award during the Triangle Commercial Association of Realtors (TCAR) Frontier Award ceremony. This award is designed to give a special “Thanks” to a TCAR member for their continuing success and involvement in the industry and community. It is also intended to be a vehicle to convey to the public, the proud tradition of TCAR members’ contributions to the betterment of business and the community. Ms. Saunders was the 2012 TCAR President. Learn more andout kerry >