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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."
Macroeconomics – Five Simple Truths
In our continuing effort to keep our clients informed on the latest market conditions and how it could impact business decisions, we are providing the Fourth Quarter 2015 condensed Linneman Letter. Read More >
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.
Former Café Helios Building in Glenwood South Sold for Record Amount
The former Café Helios building was recently sold by South Glenwood Company for a record $485.85/per square foot, for a total of $1,545,000. Until this sale, the most paid per square foot in Glenwood South was $444 for the 612 S. Glenwood building. Read More >
Interest Rates Must Rise to Market Levels for the Economy to Boom
In our continuing effort to keep our clients informed on the latest market conditions and how it could impact business decisions, we are providing the Third Quarter 2015 condensed Linneman Letter. Read More >
NAI Carolantic Selected to Represent Weyerhaeuser’s Craven Thirty Project
NAI Carolantic is proud to be selected to exclusively
represent Weyerhaeuser Real Estate Development Company in the sale of 550 acres near New Bern, NC. The project, called Craven Thirty, is designed to be a large, regional mixed-use development to accommodate office, medical, retail, residential and multifamily. Craven Thirty is located at the northeastern quadrant of US-70 and the new SR-43 connector in New Bern. To learn more, Click Here >