Market Graphs

NAI Carolantic’s research showed area-wide vacancy in the office category increased from 10% in 2015 to 11% in 2016. Shopping center vacancy dropped slightly from 3% in 2015 to 2% in 2016. The multipurpose category which includes warehouse, industrial and flex space also saw a rise in vacancy from 8% in 2015 to 9% in 2016. The office category expects 2 million square feet to be constructed in 2017, and multipurpose looks for 1.2 million square feet of new construction. Shopping centers have 846,000 square feet underway with most being built in the Cary/Morrisville/Apex and North Raleigh/Wake Forest submarkets.

Absorption was generally positive in 2016 with the exception of the office category which dropped from 3% in 2015 to 0% in 2016. The multipurpose category dropped from 3% in 2015 to 1% in 2016. The shopping center category improved in 2016 going from 1% to end the year at 2% absorption.



Multipurpose slides
A market of over 124 million square feet, the Multipurpose category includes industrial, warehouse and flex buildings.

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Shopping Centers slides
The Shopping Center category covers over 59 million square feet of retail space.

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Office slides
With a total market of over 90 million square feet, the Office category includes Class A & B space.

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Hotel/Hospitality slides
This chart includes information on the hotel industry for Wake and Durham Counties.

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Residential slides
These charts include information on the Triangle Apartment market as well as Single Family Homes

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Area Wide Absorption Trends slides
Summary graph of absorption trends for Shopping Centers, Office and Multipurpose categories.

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Area Wide Vacancy Trends slide
Summary graph of vacancy trends for Shopping Centers, Office and Multipurpose categories.

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New Construction slide
Constructions trends for Shopping Centers, Office and Multipurpose categories.

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Forecast slides
Our forecast for the coming year for each property type.

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Sarah Quinlan presentation slides