Stabilized apartment vacancies in Raleigh hit highest level since 2008
Overall vacancies have been falling for two years, however
The Raleigh, North Carolina, multifamily market is normalizing after years of elevated vacancies. But while the market’s overall vacancy rate has been generally declining since ear...
Richmond annual office sales hit second-highest mark on record
Medical office properties drive spike in sales volume in Virginia's capital region
Office sales volume in Richmond, Virginia, reached the second-highest level on record in 2025, at $586 million, as an improving market and a spike in medical office sales drove dea...
Pharmaceutical giant doubles down on North Carolina investment
Genentech commits $2 billion for its East Coast manufacturing hub near Raleigh
Genentech announced in May that it would spend $700 million to establish its first East Coast manufacturing hub in Holly Springs, North Carolina. Less than a year later, the Califo...
Raleigh looks to maintain industrial momentum in new year with several big projects on tap
A record 6.5 million square feet is underway in North Carolina's capital region
The Raleigh, North Carolina, industrial market is entering 2026 with positive momentum, with several high-profile projects expected to give the sector an additional boost in the co...
Here's where big-box industrial property is thriving
Oklahoma City, Nashville, Richmond and Columbus emerge as national leaders
U.S. industrial property markets emerging as the top performers in the big-box industrial sector are Oklahoma City, Oklahoma; Nashville, Tennessee; Richmond, Virginia; and Columbus...
Swiss pharmaceutical giant picks North Carolina for flagship manufacturing hub
Novartis to invest $771 million to expand operations at three sites, create 700-plus jobs
Novartis is planning to develop a new flagship manufacturing hub in North Carolina as part of a $23 billion investment by the Switzerland-based pharmaceutical giant to significantl...
Single-story properties drive demand in Raleigh's medical office market
Accessible, patient-friendly buildings fuel tight vacancies
In Raleigh, North Carolina's medical office market, single-story buildings have emerged as a clear favorite as healthcare providers prioritize accessibility and efficiency.
Trophy building sells in Durham's largest office deal in three years
Office transaction volume has been below average in Bull City
A Florida-based investment firm has closed on a trophy building in downtown Durham, North Carolina, in the city's largest office sale in three years.
Fairfield investment fund buys apartment building in popular area of NC capital
Two largest multifamily transactions in Raleigh this year have both involved properties in mixed-use districts
In one of the largest multifamily sales to close in North Carolina's capital so far this year, an investment fund sponsored by San Diego-based Fairfield Residential purchased the P...
JLL Income Property Trust buys industrial park near Raleigh in one of market's biggest deals this year
Industrial transaction volume in Raleigh has already exceeded last year’s total
JLL Income Property Trust acquired a nearly 1 million-square-foot industrial park near Raleigh, North Carolina, in one of the market's largest deals this year.
Eli Lilly picks Virginia for $5 billion manufacturing plant
Global drugmaker's Richmond project is part of $50 billion plan to increase domestic production
Pharmaceutical giant Eli Lilly and Co. has selected Virginia for the site of a $5 billion manufacturing plant, the first of four new U.S. development sites it plans to announce as ...
Retail rents grow at blistering pace in North Carolina’s two largest markets
Population growth, increased retail spending drive up rates in Raleigh and Charlotte
Retail landlords in North Carolina's two largest markets have been able to push rents faster than any other large market in the United States, thanks to the cities' limited retail ...
Genentech breaks ground on $700 million manufacturing plant near Raleigh
Company's first East Coast facility is expected to open in 2029 and create more than 400 permanent jobs
Genentech is underway on its $700 million manufacturing plant in Holly Springs, North Carolina, a project that marks the biotechnology company's first facility on the East Coast.
Spec suites appeal to tenants in Raleigh’s slow office market
Tenants are attracted to the speed of occupancy offered by pre-built space
With Raleigh’s office market facing high vacancies, a lack of demand and low rent growth, some office owners are getting creative to entice new tenants.
Apartment rents begin recovery in some Carolina markets
Construction wave has weighed on rents, but that is beginning to shift
Multifamily rent growth has been flat to negative in the Carolinas over the past two years, largely due to a wave of new units that has outpaced solid demand. However, rents appear...
Multifamily vacancies in the Carolinas decline for first time since 2021
While vacancies are largely down, supply-side pressure drives increases in some markets
Apartment demand is beginning to catch up with record amounts of construction in two of the nation’s fastest-growing states.
Raleigh office rents are growing at slowest rate in 12 years
Rent growth has decelerated for six consecutive quarters amid high vacancies
Office rent growth in Raleigh, North Carolina, has slowed to its lowest point in over a decade as the market contends with near-record vacancies and a lack of demand.
Apartment rents in Richmond reach record level
Rents have risen for six consecutive months after five months of declines
Apartment rents in Richmond increased 0.6% in May, the sixth month in a row of month-over-month increases in Virginia’s capital city.
Aviation startup picks North Carolina for $4.7 billion manufacturing plant that could employ 14,500 workers
JetZero project is largest job announcement in state history, officials say
A California-based aviation startup plans to invest $4.7 billion in a manufacturing plant at the Piedmont Triad International Airport near Greensboro, North Carolina, in a project ...
Medical office buildings a bright spot in Raleigh's office market
CoStar Group has released a new quarterly medical office report for major markets across the US, including Raleigh
Many traditional office properties in Raleigh, North Carolina, have struggled in recent years, as vacancies have risen amid new completions and limited demand for office space.