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Focusing on commercial real estate, manufacturing, industrial land, office, warehouse, business park, and distribution properties in Raleigh, North Carolina, and the surrounding areas.
Who we are: We pride ourselves on our industry relationships and the use of technology to find commercial real estate opportunities in and around the Raleigh, NC area. Investors choose to work with us because we have a proven track record of facilitating even the most complex real estate situations. We are your go to source for North Carolina industrial real estate.
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Key Industrial Real Estate Insights for Raleigh and Durham NC
Since overall leasing activity in Raleigh-Durham hit 1.0 msf in early 2022, the industrial market has become even more competitive. The overall vacancy rate has increased to 3.1% as a result of increased construction activity, a high demand for industrial space, and slow construction deliveries. While lease term escalations and building expenses also continue to rise, the average asking rent hit a record high.
Inventory - In the long run, a functioning pipeline is anticipated to ease the shortage of availability. In Raleigh-Durham, 8.5 msf of industrial space is currently being developed, with 32% of the space already pre-leased.
Net Absorption - Raleigh-Durham continues to experience robust demand that is currently outpacing new deliveries. In the last twelve months, net absorption reached 3.4 msf and total leasing activity reached 1.0 msf in the second quarter of 2022.Average Asking Rent - Asking rents increased by 19.5% year-over-year, bringing the overall average asking rate to a record high of $9.03 psf. Average asking rents in flex product increased by 11% year-over-year.
Vacancy - High tenant demand and lack of available existing space brought total vacancy to 3.1% in the second quarter, as occupiers act swiftly to expand their footprint in the market and construction levels remain elevated.
Investment Sales - Strong investor sentiment continued in industrial assets in Raleigh-Durham, translating to an average valuation of $156 psf in the second quarter, up 15% year-over-year. Despite rising interest rates, institutional and private investors will continue to pursue opportunities in industrial product in the Triangle.
Search for manufacturing business real estateThe following are a few considerations to make when looking for a new property for your manufacturing business:Determine the amount of power your machines require.
-Identify the power that already exists in the properties you are considering.
-Determine the costs associated with transferring your firm. Speak to an electrician.Determine the kind of loading you'll require. Do you require grade alone or dock and grade?Location: Choose the side of town that makes the most sense. Do you need to be near your clients, suppliers, employees, Highway 540 or 40?Determine whether your production space needs air conditioning or needs to be evaporatively cooled. Do you need clean rooms for your manufacturing process?Zoning
-Consult with a real estate broker that specializes in industrial real estate to find the appropriate zoning for your manufacturing process.
Life sciences industrial real estate refers to properties that are used for the research, development, and production of pharmaceuticals, biotechnology, and medical devices. These properties often include laboratory and cleanroom space, as well as manufacturing and storage facilities. The demand for life sciences industrial real estate has grown in recent years due to the increasing focus on biotechnology and personalized medicine. The Raleigh and Research Triangle Park area are well suited for these types of facilities. Due to the specialized nature of these properties, they are often located in close proximity to universities and research institutions. Investing in life sciences industrial real estate can be a sound financial decision due to the strong growth potential in the industry.
Warehouse and Distribution
The trend in warehousing real estate is driven by the growth in e-commerce and the increased demand for fast and efficient supply chain logistics. As a result, there is a growing demand for large, modern warehouses that are equipped with automation and technology to support these new business models. The trend is also pushing for the development of new industrial parks and logistics centers near major population centers and transportation hubs. Another trend is the development of multi-level warehouses and urban logistics centers to optimize land usage in densely populated areas. Lastly, with the sustainability movement on the rise, warehouses are now being built with energy-efficient features and on-site renewable energy sources such as solar panels and wind turbines.
Industrial land real estate refers to properties that are used for manufacturing, warehousing, and distribution. These properties can be found in both urban and rural areas and can vary greatly in size, from small lots to large industrial parks. The value of industrial land is often determined by its location, zoning, and accessibility to transportation networks such as highways and rail lines. The demand for industrial land can be influenced by factors such as population growth, e-commerce, and changes in supply chain logistics. Industrial land in and around Raleigh is getting tricky to find but with our help we can track down that perfect investment for you. Industrial land can be a valuable asset for investors and developers looking for long-term growth potential, as well as for companies in need of space for their operations.
9 Reasons to move your business to Raleigh. 1/17/2023
Access to a highly educated workforce: Raleigh is home to several universities and colleges, including North Carolina State University, which provides a steady supply of well-trained and skilled workers for businesses.Favorable business climate: North Carolina has a pro-business attitude and offers a variety of incentives for companies to relocate and expand in the state.Strategic location: Raleigh is located in the heart of North Carolina's Research Triangle, which provides easy access to major markets and transportation routes throughout the Southeast.Access to funding and resources: Raleigh is home to a number of venture capital firms and business incubators that provide funding and resources for startups and small businesses.Growing economy: Raleigh's economy is diversified and has been consistently growing at a steady rate, which provides stability and opportunity for businesses.Low cost of living: The cost of living in Raleigh is relatively low compared to other major cities, which can help businesses save on expenses.Quality of life: Raleigh is known for its high quality of life, with a variety of outdoor activities, cultural events and a affordable housing.Networking opportunities: Raleigh has a strong business community, which provides networking opportunities for businesses to connect with potential customers, partners, and investors.Strong support from the city: The city of Raleigh has a business-friendly attitude and provides a variety of resources and support for businesses looking to relocate or expand in the area.Here are a few industrial real estate trends that have been observed in the Southeast region of the United States: - 11/22/2022Growing demand: The Southeast region has seen a growing demand for industrial real estate in recent years, driven by factors such as population growth, e-commerce, and the expansion of logistics and supply chain networks.Logistics hubs: Cities such as Atlanta, Charlotte, and Jacksonville have become major logistics hubs in the Southeast, with a growing number of warehouses and distribution centers being built in these areas.Port-proximity: Cities such as Savannah and Charleston have seen increased demand for industrial real estate due to their proximity to major ports, which allows for easy access to global markets.Low vacancy rates: The Southeast region has seen low vacancy rates for industrial real estate, as demand for industrial space outstrips supply, which can drive up rental rates.Sustainability: As more businesses focus on sustainability, industrial real estate developers are incorporating green features into their buildings, such as energy-efficient systems, solar panels, and rainwater harvesting systems.Adaptive reuse: With the shortage of land and the high cost of new development, many industrial real estate developers are turning to adaptive reuse, converting older buildings into modern industrial spaces.Urbanization: With the increasing urbanization in the southeast, there is a trend towards the development of urban logistics centers which will provide easy access to population centers and transportation infrastructure.