Research
We Do Our Homework
Since 1985, NAI Carolantic Realty has continued to conduct the most comprehensive Triangle-wide commercial real estate survey. All aspects of the market are researched, and we present our findings to over 1,800 business leaders at our Annual Triangle Commercial Real Estate Conference held at the beginning of each year. Business professionals throughout the Triangle are provided with in-depth facts and figures on the current and future state of the market. Data is collected on office buildings, retail space, business parks, and industrial space. We track and publish data covering in excess of 265 million square feet of floor space from over 8,000+ buildings located throughout the Triangle. Existing space, vacancy rates, absorption, new construction, and planned construction are researched.
Linneman Letters
Third Quarter 2019: The Linneman Letter: How Will the Recovery End?
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 Third Quarter 2019 condensed Linneman Letter. The Linneman Letter is a report written by economist, Dr. Peter Linneman formerly at the Wharton School of Business, the University of Pennsylvania.
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Please let us know if we can be of service to you.
(Previous Linneman Letters can be found here.)
2019 Forecast and Category Summaries:
2019 Investor Outlook for Land
- Central Business District land values are hitting a record high well over $100 prsf
- Current low office vacancy is driving interest in well-located, zoned office sites
- Retail land sales are slowing
- Ground zero industrial land sites are in high demand but are limited and expensive
- Industrial sites in outlining areas are getting attention
- Hotel developers are active and looking for well-located sites New residential developers continue to enter the market driving land prices up
- Zoned and entitled land is valued at a premium
- Many great opportunities in surrounding counties
2019 Investor Outlook for Income Property
- Investors face some challenges in 2019 with rising interest rates, higher construction costs, retailers downsizing and office co-working concerns
- The industrial market is the most attractive segment with rising rental rates, favorable landlord lease terms and low cap rates
- Regional retail malls and power centers are the least popular product type
- Smaller, local investors face challenges relative to achieving their desired returns
- Money is still available
- Despite new challenges, expect another strong year of transactions and sales volume
Multipurpose
A market of over 135 million square feet, the Multipurpose category includes industrial, warehouse and flex buildings.
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Broker Report on Multipurpose Space:
Ed Brown, SIOR, CCIM
Shopping Centers
The Shopping Center category covers approximately 59 million square feet of retail space.
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Broker Report on Shopping Centers: Joaquin Canals
Office
With a total market of over 92 million square feet, the Office category includes Class A & B space.
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Broker Report on Office Space: Robin Roseberry Anders, SIOR
Hotel/Hospitality
This chart includes information on the hotel industrial for Wake and Durham Counties.
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Apartment/Single Family
These charts include information on the Triangle Apartment market as well as Single Family Homes.
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Land
Broker Report on the 2019 Investor Outlook for Land: Tim Brent
Investment
Broker Report on the 2019 Investor Outlook for Income Property: Hunt Wyche
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